Bitcoin’s popularity skyrocketed in 2017 as the value of a single coin ramped up to around $20,000.
The cryptocurrency bitcoin appears to have experienced a sudden and unexplained rise in value—sending the price of the currency soaring to nearly $5,000.
This morning at 1:30 a.m. ET a single bitcoin was priced at $4,190. Within an hour it had spiked to $4,849. It has since leveled out at an estimated $4,650 .
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