Bitcoin hits all time high price of $5000


The rate of  bitcoin  against the dollar has once again updated the historical maximum and for the first time exceeded the $ 5000 mark. This is evidenced by the  data of the  stock exchange.

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.

bitcoin hits $5000 peak

Since the beginning of the year, the cost of bitcoin has added more than 400%, according to the data of the exchange. This year, the Crypto-currency has passed such “round” values, as $ 2000, $ 3000 and $ 4000, $ 5000.

Forbes notes that the rate of bitcoin continues to grow despite the fact that the crypto currency can again split in November this year. If this happens, then there will already be three versions of bitcoin on the market (the first appeared in 2008, the second one – during the August 1 hard-core).

The fact that bitcoin continues to grow, despite this uncertainty, indicates a strong enthusiasm associated with the digital currency, the publication states.

Another reason for the growth of the currency’s rate is that the crypto-currencies are more widely spread in various spheres and attract new investors.

As more market participants pay attention to these digital assets, the total market capitalization of all crypto-currency funds increased from about $ 17.7 billion at the beginning of the year to a new level of $ 165.66 billion today.

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