Bitcoin Hits an All-Time High of $5,000
Main page News, Bitcoin, Cryptocurrency
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Oct. 12, 2017
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Bitcoin (EXANTE: Bitcoin) smashed through the $5,000 barrier for the first time ever on Thursday, jumping as much as 7 percent to chalk up its biggest daily rise in over two weeks, The Cointelegraph reports.

The price hit an all-time high of $5,100 in early trade on Thursday, according to data from industry website Coindesk.

Analysts are more confident than ever that Bitcoin will stay above $5000 today as prices continue surging towards new highs.

Now, forecasts of resistance range from $5200 to $7000 should the largest digital currency hold above the barrier.

On Wednesday, Mike Novogratz told CNBC he “would not find it surprising” if one Bitcoin cost $10,000 by April 2018.

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