Bitcoin smashed through the $5,000 barrier for the first time ever on Thursday, jumping as much as 7 percent to chalk up its biggest daily rise in over two weeks.
Bitcoin, the original and still the biggest cryptocurrency, has been on a tear recently, rallying nearly 75 percent in barely a month.
It has chalked up a more than fivefold increase in price since the start of the year.
Bitcoin is one of the hottest trading commodities going around and has faced bans by several countries regulatory agencies
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