Bitcoin spikes to a record high near $6,000

Markets Insider

• Bitcoin is closing in on the $US6,000 mark for the first time on Friday, trading up 5.1% $US5988 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 $US2,900 per coin on September 15, it has since rallied.
• Bitcoin is up more than 500% this year.

Get the latest Bitcoin price here.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.