Bitcoin spikes to a record high near $6,000

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Bitcoin spikes to a record high near $6,000

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  • Bitcoin is closing in on the $6,000 mark for the first time on Friday, trading up 5.1% $5988 a coin, according to Bloomberg data.
  • The reason for Friday's sudden spike is unclear.
  • The cryptocurrency had been hovering little changed for most of the morning before suddenly spiking around 10 a.m. ET.
  • Bitcoin has been able to shrug off news of a crackdown in China and regulatory uncertainty around initial coin offerings, a cryptocurrency-based fundraising method.
  • After bottoming out near $2,900 per coin on September 15, it has since rallied.
  • Bitcoin is up more than 500% this year.

Get the latest Bitcoin price here.