Almost every major cryptocurrency not named bitcoin is falling

pulse

December 7, 2017 7:21 PM

Bitcoin has been taking traders on a wild, highly volatile ride on Thursday, but smaller cryptocurrencies seem to be on a general downward trend.

Bitcoin has been taking traders on a wild, highly volatile ride on Thursday.

The cryptocurrency rocketed past $16,000 early Thursday, just hours after clearing $15,000 and about 12 hours after hitting $14,000. On some exchanges, bitcoin was trading above $19,000 on Thursday. Crypto exchange Coinbase showed a $3,000 per coin jump on Thursday before the site went down amid "record high traffic." It is now showing a price closer to $16,000. Data from Markets Insider show the price hitting an all-time high of $16,623,64 per coin.

As bitcoin price fluctuates wildly, other cryptocurrencies like ethereum and litecoin are falling. Here's the scoreboard as of 1:06PM ET.