Bitcoin Price Up Above $12,000 For The First Time

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Bitcoin broke above the $12,000 mark Wednesday morning Asia-time, as the cryptocurrency continued its march higher.

As of 10:41 a.m. SIN/HK, the digital token was selling for $12,123.98, according to industry site CoinDesk.

The asset began 2017 at less than $1,000 per token, but it has been on an absolute tear in recent months: It crossed $5,000 in October and touched above $11,000 for the first time less than two months later, according to CoinDesk data.

With Wednesday morning’s spike, the cryptocurrency now has a total market value of about $203 billion more than twice Goldman Sachs’ market cap.