Bitcoin’s Price Just Jumped $1,000 in 24 Hours

The price of bitcoin passed the $12,000 mark for the first time ever last night, and currently shows little sign of stopping.

Soon before press time, the number one cryptocurrency by market capitalization had peaked at a new all-time high of $12,798.78, as per CoinDesk’s Bitcoin Price Index.

Somewhat astonishingly, with today’s low being $11,670, the record price marks a gain of $1,128 in less than 24 hours – a major move that defied predictions of a likely correction due to consistent overbought conditions over much of the last two weeks…

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