Bitcoin Hits New All Time High After Burst Of Asian Buying: Market Cap Nears $200 Billion
by Tyler Durden
ZeroHedge.com
Dec 3, 2017
Whether it was the previously discussed unexpectedly bullish JPM report (which calculated that a mere $6bn in net capital inflows has pushed the crypto market cap to $330 billion), or just the latest unexplained burst of buying out of Asia with another weekend surge in volumes out of Japan and Korea, but last week’s bitcoin mini meltdown and bear market are now long forgotten, and overnight the world’s most popular cryptocurrency has soared again, up $750, or 7%, in the past 24 hours, last trading at a new all time high of $11,795, just $200 away from $12,000.
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