Bitcoin Hits New All-Time High of $14,780, Market Cap Exceeds $247 Billion

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The price of bitcoin has reached an all-time high of $14,780.10, 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 $247 billion.

Bitcoin is trading at $14,669.60 at press time, a gain of about 17.42 percent on the day.

Yesterday, the price of the cryptocurrency increased to $12,000 for the first time.

Bitcoin Cash, the cryptocurrency that was cloned from the bitcoin hard fork, decreased on the day, $1,397.58 (-6.86%) at press time.

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