The world’s biggest cryptocurrency reached its latest milestone Thursday, as the value of bitcoin surged past $5,000. Coming only two months after the currency reached $4,000, Thursday’s landmark is the latest testament to bitcoin’s meteoric rise.
While the currency did appear to reach $5,000 for a few minutes in September, this is the first sustained period where its value has cleared that mark. And with considerable room to spare — as of press time, bitcoin’s value was hovering $5,300. As for why the currency experienced such a big surge Thursday, TechCrunch’s Fitz Tepper speculated it’s because of recent attention from banks and the media.
Read More... Bitcoin Hits Huge Landmark with Latest All-Time High