News $5,000: Bitcoin Price Hits Historic New Milestone

$5,000: Bitcoin Price Hits Historic New Milestone

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Bitcoin’s price rose above $5,000 for the first time today.

The CoinDesk Bitcoin Price Index (BPI) hit a high of $5,013.91 at 02:25 UTC, market data shows, staying above that level over the next 10 minutes of trading. The price then dipped below the $5,000 mark, falling over the next hour to a low of $4,867.18 at 03:28 UTC.

Market data points to Chinese bitcoin exchange OKCoin leading the spike, with that market hitting a high of $5,149.

$5,000: Bitcoin Price Hits Historic New Milestone

Markets then climbed back above $4,900, reaching $4,916.39, BPI data shows, before sliding again. As of press time, bitcoin’s price is trading at $4,877.36, according to the BPI.

A week ago, markets were at ranging between $4,340 and $4,370, and on Tuesday the weekly low was recorded at $4,221.44. Yet in the past few days, markets saw significant surges, shooting past the $4,700 and $4,800 levels to hit new all-time highs.

Image via Shutterstock

This piece has been updated.


The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at [email protected].

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