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The cryptocurrency markets made another advance on Tuesday, fueled by continued bullishness over the impending launch of regulated bitcoin futures contracts on Sunday. Buoyed by this factor, the bitcoin price rose within striking distance of the $12,000 milestone, and the flagship cryptocurrency’s market cap came within a hair’s breadth of the $200 billion marker. Meanwhile, altcoins reaped the gains of a bullish market, and the number of cryptocurrencies with billion-dollar valuations swelled to a new all-time high of nineteen.
bitcoin price
Source: CoinMarketCap
Altogether, cryptocurrencies added nearly $15 billion to their already swelling combined market cap. At present, the total cryptocurrency market cap is $354.3 billion, representing a single-day increase of four percent.
bitcoin price
Source: CoinMarketCap
Bitcoin Price Eyes $12,000
Over the weekend, bitcoin “died” for the 200th time, but, to the ire of bears across the globe, the most prominent cryptocurrency refuses to acknowledge its supposed demise. The bitcoin price reached a new all-time high on Tuesday at approximately 9:00 UTC, when it briefly rose to $11,931. However, bitcoin was not quite able to extend across the $12,000 mark — a feat which would have raised its total valuation past $200 billion for the first time — and it has since made a minor pullback to $11,887 and a $198.8 billion market cap.
bitcoin price
Bitcoin Price Chart | Source: CoinMarketCap
