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Bitcoin rockets above $5,000 to all-time high

Reuters  |  LONDON 

By Jemima KellyLONDON (Reuters) - Bitcoin smashed through the $5,000 barrier for the first time on Thursday, jumping as much as 8 percent on the day as investors shrugged off the latest warnings on the risks of buying into the booming cryptocurrency market. Bitcoin, the biggest and best-known cryptocurrency, has chalked up a more than fivefold increase in price this year. Typically for bitcoin, which at less than nine years old is still highly volatile and illiquid compared with traditional currencies and assets, the precise reason for its recent tear was unclear. Upcoming splits in its ...

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First Published: Thu, October 12 2017. 21:30 IST
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