12 Oct '17, 5pm

Bitcoin just passed $5,000

This morning bitcoin shot past $5,000, and is now hovering around $5,300 — up nearly 10 percent from yesterday. It’s the first time the cryptocurrency has confidently shot past $5,000. Some exchanges saw the price hit $5,000 for a few minutes in September , but it only lasted for about 10 minutes, making today the first sustained movement past the historic milestone. YTD chart of bitcoin Interestingly, not all cryptocurrencies are following bitcoin’s lead today, which usually happens when the incumbent cryptocurrency experiences price fluctuations. Ethereum is only up 2 percent, while Ripple is down 2 percent. Litecoin is the only currency mimicking bitcoin’s movements, as it’s also up ~10 percent today. This milestone comes exactly two months after the cryptocurrency passed $4,000 . It’s a testament to the resiliency of the cryptocurrency, especially after it temporarily ...

Full article: https://techcrunch.com/2017/10/12/bitcoin-just-passed-5000/

Tweets

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