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Bitcoin crosses $12000 mark, now at $13033

Bitcoin crosses $12000 mark, now at $13033

Three bitcoin logos on a background of binary code.

Furthermore, South Korea's National Tax Service (NTS) has revealed its plans to bring digital currencies under the income tax regime.

As of 3:30 p.m., Bitcoin was trading at around 14-thousand-220.

As of Wednesday morning, Bitcoin is now priced around $12,900 on Coinbase.com, a cryptocurrency trading platform.

On November 28 the value of one bitcoin was United States dollars 9,791 and on December 3, it reached its all-time high of USD 11,828, according to Coindesk, Bitcoin Price Index. A few hours earlier, bitcoin had hit an all-time high of $12,798.78. At its current price level, bitcoin now has a market value of almost $203 billion, more than double the market cap of Goldman Sachs.

Understanding the Latest Financial Performance of Cerner Corporation (NASDAQ:CERN)
CERN now has a profit margin of 13.40%. 320.02 million shares or 0.87% less from 322.84 million shares in 2017Q1 were reported. The P/E ratio is one of the most common ratios used for figuring out whether a company is overvalued or undervalued.

All of the digital asset's explosive growth has come against a backdrop of steady criticism from many financial luminaries.

Stephen Roach, Senior Fellow at Yale University, the former Asia Chairman, and Chief Economist at investment bank Morgan Stanley, told CNBC that he was so dubious about investing in bitcoin.

"Drawing investor attention to bitcoin futures could have been a way to cool down the overheated (cryptocurrency) market", an industry source told The Korea Herald on December 6.

A copy of bitcoin standing on PC motherboard is seen in this illustration picture, October 26, 2017. "This is a unsafe speculative bubble by any shadow or stretch of the imagination".

Three exchanges are now set to offer futures contracts on bitcoin, another step toward building a traditional market around the stateless digital currency. Its content is produced independently of USA TODAY.


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