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$5,000: Bitcoin Price Hits Historic New Milestone
Bitcoin markets rose above $5,000 for the first time after a week of rising prices.
By Stan Higgins
Updated Sep 14, 2021, 1:56 p.m. Published Sep 2, 2017, 4:05 a.m. 1 min read
Bitcoin's price rose above $5,000 for the first time today.
The CoinDesk Bitcoin Price Index (BPI) hit a high of $5,013.91 at 02:25 UTC, market data shows, staying above that level over the next 10 minutes of trading. The price then dipped below the $5,000 mark, falling over the next hour to a low of $4,867.18 at 03:28 UTC.
Market data points to Chinese bitcoin exchange OKCoin leading the spike, with that market hitting a high of $5,149.
Markets then climbed back above $4,900, reaching $4,916.39, BPI data shows, before sliding again. As of press time, bitcoin's price is trading at $4,877.36, according to the BPI.
A week ago, markets were at ranging between $4,340 and $4,370, and on Tuesday the weekly low was recorded at $4,221.44. Yet in the past few days, markets saw significant surges, shooting past the $4,700 and $4,800 levels to hit new all-time highs.
Image via Shutterstock
This piece has been updated.
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CNBC reported Tuesday that Musk is discussing a merger between Tesla and SpaceX that would tie his tech empire closer together and instantly create the world’s fifth-largest corporate bitcoin treasury, worth $3.3 billion.
Cosa sapere:
- Elon Musk is exploring a potential merger of Tesla and SpaceX, a move that would deepen operational overlap in areas such as power infrastructure and AI-related computing.
- A combined Tesla-SpaceX entity would control about 30,221 bitcoin, worth roughly $3.3 billion, making it the fifth-largest public corporate holder of the cryptocurrency.
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