On Thursday, Bitcoin prices took flight across the all-important $5,000 level. It is a landmark moment for the currency, made all the sweeter because it comes on the heels of Russia’s anti-Bitcoin posturing.
The Bitcoin to USD exchange rate lifted off around 7:50 am (UTC). It soared 8.5% to reach $5,222.70.
As suggested by our previous Bitcoin price forecast, BTC only required one strong trading session to top the $5,000 level. Once the price crossed that threshold, it continued to skyrocket, thus breaking new ground for the famous cryptocurrency.
Daily.
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Bitcoin Price Forecast: BTC Soars 8% as “Hard Fork” Bulls Drown Out Russia Concerns
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