Bitcoin Breaks $6,000 Barrier, Market Cap Now Exceeds $100 Billion
From Cointelegraph
Bitfinex, the highest volume BTC/USD exchange, broke the $6,000 barrier earlier today and has now been joined by all other major exchanges. At press time, the price of Bitcoin had reached $6,041 according to Coinmarketcap.com, causing its market capitalization to exceed $100 bln for the first time ever.Read more: https://cointelegraph.com/news/bitcoin-breaks-6000-barrier-market-cap-now-exceeds-100-billionWhat’s news got to do with it?
The latest surge comes after a week of consolidation over the $5,000 mark, despite the comments of naysayers like Jamie Dimon and the president of Brazil’s central bank. In the last month, China banned ICOs and Bitcoin exchanges, South Korea banned ICOs, the US SEC stepped up scrutiny of ICOs, and the CEO of Chase Bank has been unable to keep his mouth shut.None of it matters.
For years, Bitcoin has been called “the honey badger of money,” and “antifragile.” The “Bitcoin don’t care” meme is perhaps most applicable of all right now. Bitcoin simply doesn’t care what China does, or what bank CEOs say, or what central bankers think. The only thing Bitcoin cares about, apparently, is increasing in price and adoption.
Can’t hold it back
Chugga chugga chug chug... Choo choo! This train is headed to $10K in 2017!
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I still can't believe it's already at $6000 considering it broke $5000 not too long ago!
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