The Higher Bitcoin Gets, the Faster Bitcoin Goes: Chart

Bitcoin’s rally has picked up speed throughout this year, with the world’s largest cryptocurrency breaching new levels at an ever greater pace as it increases sixfold. Bitcoin first crested at $1,000 in 2013 and didn’t even breach $2,000 until this May, but the currency since cracked the $3,000, $4,000 and now $5,000 levels in quick succession, according to data compiled by Bloomberg. The only slowdown came amid China’s crackdown on cryptocurrencies in September, which seems a distant memory as bitcoin rockets toward $6,000.

Watch Next: Bitcoin Blasts Through $5,000 Level for First Time

    Before it's here, it's on the Bloomberg Terminal.
    LEARN MORE