Economics
Bitcoin Breaches New Milestone by Smashing Past $5,000 Mark
- Value of largest cryptocurrency has risen five-fold this year
- Sentiment helped by Goldman Sachs plan to help clients trade
Moulton: Bitcoin Will Have to Evolve to Survive
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Bitcoin surged to a fresh record Thursday as the enthusiasm for cryptocurrencies showed little sign of abating.
The world’s largest cryptocurrency rose as much as 8.4 percent and was trading 7.9 percent higher at $5,209 as of 12:34 p.m. in London, resuming gains after a one-day break. As recently as December, bitcoin was trading at less than $1,000 dollars.