- 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.