Bitcoin Hits New All-Time High of $11,849, Market Cap Exceeds $198 Billion

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The price of bitcoin has reached an all-time high of $11,849.70, according to the popular cryptocurrency market website, CoinMarketCap.com.

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Total Market Capitalization also hit a new all-time high hitting over $198 billion.

Bitcoin is trading at $11,760.10 at press time, a gain of about 6.61 percent on the day.

On Nov. 28, the price of the cryptocurrency increased to $10,000 for the first time.

Bitcoin Cash, the cryptocurrency that was cloned from the bitcoin hard fork, increased on the day, $1,620.77 (12.01%) at press time.

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