Bitcoin Just Hit $6,000 For the First Time Since Last November

Cryptocurrency bitcoin was soaring on Wednesday, hitting $6,000 for the first time in months.

On Thursday, bitcoin hit an intraday high of $6,076.65, the highest level since an intra-day high of $6,295.95 on Nov. 15th according to data from CoinDesk.

The big moves may be on account of an increasing amount of interest in trading of bitcoin from investment institutions. Fidelity Investments will start letting customers to buy and sell cryptocurrencies, Bloomberg said this week. Other major trading platforms like Robinhood have already started allowing to trade the digital currency.

It hasn’t been all good news in the bitcoin arena this week however. Earlier in the weak, Binance, a huge exchange platform, had announced that hackers had stolen 7,000 bitcoin worth over $40 million.

Bitcoin has been as low as $3,100 this past December and was as high as $19,000 in December of 2017.
Former hedge fund manager Michael Novogratz remarked, “The realty is there’s a tremendous amount of stuff going on.

In some ways, there’s been a small miracle. The debate is over, bitcoin won. It is now seen by people all around the world as a legitimate place to [store] their value.”

So far bitcoin is up over 60% so far this year.