{"id":204696,"date":"2017-10-12T12:21:32","date_gmt":"2017-10-12T10:21:32","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=204696"},"modified":"2017-10-12T12:21:32","modified_gmt":"2017-10-12T10:21:32","slug":"bitcoin-breaks-through-5000","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/finance\/204696\/bitcoin-breaks-through-5000\/","title":{"rendered":"Bitcoin breaks through $5,000"},"content":{"rendered":"

Bitcoin surged to a fresh record Thursday as the enthusiasm for cryptocurrencies showed little signs of abating.<\/p>\n

The world\u2019s largest cryptocurrency rose as much as 7.4 percent and was trading 5.8 percent higher at $5,105 as of 9:59 a.m. in London, resuming gains after a one-day break. As recently as December, bitcoin was trading at less than $1,000 dollars.<\/p>\n

Bitcoin tumbled below $4,000 last month after China\u2019s central bank stepped up regulations on digital currencies, banning initial coin offerings, a popular means of fundraising for startups. Recent reports that the Chinese government will ease regulations and that Goldman Sachs Group Inc. is exploring how it could help its clients trade cryptocurrencies\u00a0are now helping sentiment.<\/p>\n

\u201cIt\u2019s a very speculative market,\u201d Jon Moulton,\u00a0a U.K.-based private equity veteran who owns bitcoins, said in an interview with Bloomberg TV\u2019s Francine Lacqua. \u201cIt\u2019s going to be a very volatile asset for a long time.\u201d<\/p>\n

\"\"<\/a><\/p>\n

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Read:\u00a0Bitcoin is back on top as smaller tokens slide<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin surged to a fresh record Thursday as the enthusiasm for cryptocurrencies showed little signs of abating.<\/p>\n","protected":false},"author":59,"featured_media":194070,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11121],"tags":[],"class_list":["post-204696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/204696","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=204696"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/204696\/revisions"}],"predecessor-version":[{"id":204700,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/204696\/revisions\/204700"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/194070"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=204696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=204696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=204696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}