Bitcoin, on Friday, hit a new all-time high breaking $6,000 for the first time on all the major cryptocurrency exchanges. And by the time of writing this, it is trading at $6,152.
The surge comes just a week after Bitcoin reached a record price, when it surpassed $5,800, after rising as much as $1,000 in less than 48 hours. Until then, Bitcoin traded well below its previous high of $5,000, and now it has finally crossed the big mark of $6,000.
Initially, Bitcoin breached the $6,000 threshold at only one exchange, Hong Kong-based Bitfinex, where investors can buy and sell cryptocurrencies such as Bitcoin and Ethereum.
The record increase in the value comes just two days after a Russian economic official called Bitcoin as “worse than casinos,” prompting its price to drop as low as $5,174 on Wednesday. Since then, Bitcoin’s price has risen 16%. Over the past 10 days, it has gained more than 24%.