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Bitcoin peaks above $5,000 for first time – BBC News

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Bitcoin has crossed the $5,000 (£3,862) threshold for the first time.

The virtual currency peaked at $5,103.91 in the early hours of Saturday, according to CoinDesk’s price index.

The record high helped push the total value of publicly traded crypto-currencies – including Ethereum and the Bitcoin-offshoot Bitcoin Cash – to more than $176bn.

However, there has since been a sell-off.

At time of writing, Bitcoin was 12% off its peak, at $4,485.

Sell orders

At the start of the year, one bitcoin traded for less than $1,000, and as recently as July some market watchers feared that the currency could crash lower as a result of …

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