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Bitcoin peaks above $5,000 threshold for first time

Bitcoin has crossed the $5,000 (£3,862) Threshold for the first time.

The virtual currency peaked at $5,103.91 in the early hours of Saturday, according to CoinDesk's price index.

The record high helped push the total value of publicly traded crypto-currencies - including Ethereum and the Bitcoin-offshoot Bitcoin Cash - to more than $176bn.

However, there has since been a sell-off.

At time of writing, Bitcoin was 12% off its peak, at $4,485.

BBC      News.

This post first appeared on Quest Times, please read the originial post: here

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Bitcoin peaks above $5,000 threshold for first time


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