Bitcoin spikes to a record high near $6,000

  • 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.

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

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