Share this article
$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.
Make us preferred on Google
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.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
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.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Bitcoin and the Japanese yen are moving together like never before
The 90-day correlation between bitcoin and JPY has risen to a record high of over 0.85.
What to know:
- Bitcoin's correlation with the Japanese yen has reached a record high.
- Both BTC and the yen took a beating in final months of 2025, with sell-offs in both running out of steam after mid-December.
- The tight correlation weakens BTC's appeal as portfolio diversifier.
Top Stories
