Market News

Bitcoin heading for $10,000 as crypto market cracks $300 billion


  • Bitcoin went past $ 9,600 in the last few hours and appears to be headed for $ 10,000.
  • The market for digital currencies cracked $ 300 billion for the first time Sunday night.
  • Ethereum, the second-largest cryptocurrency, is also flirting with its own big milestone.

NEW YORK — The market for digital coins cracked $ 300 billion Sunday night for the first time ever as two of the largest cryptocurrencies eyed significant milestones.

According to data from CoinMarketCap, the market capitalization of the entire crypto-market stood at $ 303 billion by 12:30 a.m. ET. On Sunday, the two largest digital currencies on the market were flirting with big milestones of their own.

Bitcoin, the largest cryptocurrency with a market cap above $ 150 billion, was gunning for $ 10,000 Sunday. It reached an all-time high of $ 9,694 Sunday evening, according to data from Markets Insider.

Ethereum reached an all-time high of $ 485 Sunday evening, shy of the much-anticipated $ 500 mark.

As for the bitcoin spin-outs, bitcoin cash was trading just below $ 1,650 at 12:30 a.m. ET. And bitcoin gold was trading up more than 2.5% near $ 380 per coin, according to CoinMarketCap.

Big milestones for the cryptocurrency market appear to be occurring at a faster rate. It took from June to November for the market to go from $ 100 billion to $ 200 billion. It took less than a month for the market to balloon from $ 200 billion to $ 300 billion.


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