Bitcoin Price Breaks All Time High, Hits $270, $3 Billion Market Cap
Bitcoin Breaks $270 in Historic Climb
Today marks a new all-time high for the digital currency Bitcoin. For the first time ever, Bitcoin was traded at $270 on Japan-based exchange Mt.Gox. On Coinbase, the price of Bitcoin was just below $270.
With nearly 12 million bitcoins in circulation, Bitcoin now has more than a $3 billion market capitalization
Here are the charts showing the historic climb of Bitcoin.
Mt. Gox chart from Bitcoin Charts
Coinbase chart from Coinbase
Looking Back at the Last Peak
The last time Bitcoin reached prices this high was in April 2013. The currency reached $266 and then crashed dramatically.
Read: Did the Bitcoin Bubble Burst Already? (April 12, 2013)
This time, there seems to be more stability around this climb. Increased adoption and trading volume in China has contributed to the price climb.
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