Bitcoin price spiked to a new all-time high in the early hours of trading on Thursday (GMT).
The USD value of the world’s most prominent cryptocurrency went stratospheric on Thursday to hit a new all-time high above $,5210 on Bitfinex.
The steep leap in value occurred at 07:45 AM (GMT) when prices shot up from $4,924 to $5,142 in less than 15 minutes. Over the next 20 minutes, trading pushed the value to a new all-time high of $5,219.1.
At the time of publishing, bitcoin is still pushing through the skies, trading above $5,200.
Bitcoin prices are now up nearly 25% in a 7 day period and the cryptocurrency has gained 10% in the space of a day.
Developing…Stay tuned for a detailed analysis.