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Thursday, 12 October 2017 | MYT 4:42 PM

Bitcoin trades above US$5,000 for first time ever

LONDON: Bitcoin smashed through the US$5,000 (RM21,080) barrier for the first time ever on Thursday, jumping as much as 7% to chalk up its biggest daily rise in over two weeks. 

Bitcoin, the original and still the biggest cryptocurrency, has been on a tear recently, rallying nearly 75% in barely a month.

It has chalked up a more than fivefold increase in price since the start of the year. — Reuters