Published on October 13th, 2017 | by bitcoin0
cryptocurrency passes 5k, spurring on bitcoin mania
As recently as December, bitcoin was trading at less than $1,000.
SEMrush, a data analytics firm, found the price had a 96 percent correlation with Google searches on bitcoin, suggesting that growing interest in the cryptocurrency is helping to drive demand.
A rotation out of digital tokens sold in initial coin offerings and into bitcoin is providing an additional boost.
In June, Nvidia Corp. and Advanced Micro Devices Inc., which make hardware used in cryptocurrency mining, rallied as ether surged to a record.
“It’s going to be a very volatile asset for a long time.” — With assistance by Lily Katz, and Julie Verhage