October 12, 2017 / 8:26 AM / 2 months ago

Bitcoin trades above $5,000 for first time ever

LONDON, Oct 12 (Reuters) - Bitcoin smashed through the $5,000 barrier for the first time ever on Thursday, jumping as much as 7 percent 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 percent in barely a month.

It has chalked up a more than fivefold increase in price since the start of the year. (Reporting by Jamie McGeever; Editing by Sujata Rao)

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