The digital currency bitcoin, which has seen astonishing gains throughout 2017, passed another in a series of rapidly falling milestones on Tuesday.
The price of a single bitcoin BTCUSD, +2.78% rose 5.8% on Tuesday, hitting a record of $11,855.73. The gain brought bitcoin’s total market capitalization above $200 billion for the first time ever, according to pricing website CoinMarketCap. To give a sense of how quickly it has been rising, bitcoin first topped $100 billion in October. The combined market cap of all cryptocurrencies is $356.9 billion.
