Bitcoin hits record high

The price of Bitcoin soared to an all-time high early this morning. The XBT/USD value of the cryptocurrency went galactic at over $,5210 on Bitfinex.
According to www.cryptocoinsnews.com the price shot up from $4,924 to $5,142 in less than 15 minutes. Over the next 20 minutes, trading pushed the value to a new all-time high of $5,219.1.
Bitcoin prices are now up nearly 25% in a 7 day period and the cryptocurrency has gained 10% in the space of a day.