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Bitcoin trades above $5,000 for first time ever, up 7%

Bitcoin, the original and still the biggest cryptocurrency, has been on a tear recently, rallying nearly 75% in barely a month

Reuters  |  London 

Bitcoin. Photo: Reuters.
Bitcoin. Photo: Reuters.

smashed through the $5,000 barrier for the first time ever on Thursday, jumping as much as 7 percent to chalk up its biggest daily rise in over two weeks.

Bitcoin, the original and still the biggest cryptocurrency, has been on a tear recently, rallying nearly 75 percent in barely a month.

It has chalked up a more than fivefold increase in price since the start of the year.

 

First Published: Thu, October 12 2017. 15:56 IST
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