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


(12-Oct-2017 08:24:22 PMCorrects to show head of JP Morgan called bitcoin fraud, not Goldman Sachs)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 ...

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First Published: Thu, October 12 2017. 20:56 IST