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Bitcoin trades above $5000 for the first time ever

12 Octobre 2017

The cryptocurrency struck a new record high of $5,183.97 around 0820 GMT according to financial data provider Bloomberg.

Bitcoin surged through the $5,000 level on Thursday for the first time since the launch of the unregulated virtual currency more than 8 years ago. As recently as December, bitcoin was trading at less than $1 000 dollars. Eastern, according to CoinMarketCap, having gained almost 9% in the preceding 24 hours. Bitcoin started the year trading at $966 per token and has soared over 750 percent in the last 12 months. A spokeswoman for the investment bank confirmed that there was client interest in the project, but reiterated that the initiative was still in its early stages.

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Some analysts think the digital currency is likely to test a new ceiling ranging from $5,200 to $7,000 should it hold above the $5,000 barrier.

None of the Wall Street giants now have a bitcoin trading desk, though Fidelity operates a project through its research and development arm, as CoinDesk reported. A big bank, even one with a bit of a reputation for catering to ultrahigh-net-worth investors who like to roll the dice, could help the price stabilize.

Bitcoin trades above $5000 for the first time ever