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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).
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Value of One Bitcoin Hits $5,000... Briefly
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Grelb's Reminder:
Eighty percent of all people consider themselves to be above
average drivers.
(Score: 5, Funny) by aristarchus on Tuesday September 05 2017, @06:38PM (2 children)
Never before in history has so little been worth so much to so few. Bitcoin, it's not just for tulips anymore!
(Score: 1, Funny) by Anonymous Coward on Tuesday September 05 2017, @10:20PM (1 child)
Tulips? Are those psychoactive?
(Score: 3, Informative) by aristarchus on Tuesday September 05 2017, @11:40PM
Reference to a speculative bubble way back in Dutchland of the early 1600's, but about Tulip bulbs rather then strings of encrypted numbers. https://en.wikipedia.org/wiki/Tulip_mania [wikipedia.org]