Bitcoin peaks above $5,000 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.
According to coindesk.com, one Bitcoin is worth $4085.63 at this moment (20170905_023428 UTC).
(Score: 2) by TheRaven on Tuesday September 05 2017, @03:25PM (2 children)
sudo mod me up
(Score: 2) by bob_super on Tuesday September 05 2017, @05:10PM (1 child)
The problem, when it fluctuates up and down by 20% in two days, is to figure out when to buy... At that level of volatility, it's gambling, not a rational investment.
(Score: 2) by TheRaven on Wednesday September 06 2017, @09:53AM
sudo mod me up