Bitcoin passes $5,000 to hit fresh all-time high

12 Oct 2017
POSTED BY Y Magazine

Bitcoin has hit a fresh all-time high on Thursday, passing above the $5,000 mark for the first time in its history in early morning European trade.

Bitcoin has seen its value increase by more than $750 per coin in the last week alone, with a rally that coincides with renewed interest in the currency from investment banks.

The Wall Street Journal last week reported that Goldman Sachs is looking at setting up a bitcoin trading operation and Morgan Stanley CEO James Gorman said recently that the cryptocurrency is “certainly more than just a fad.”

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