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Bitcoin Rockets Above $5,000

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Bitcoin Rockets Above $5,000

Bitcoin Rockets Above $5,000

Bitcoin soared more than 23% Tuesday morning to above $5,000, its best level since November.

Its stay above the $5,000 mark was brief, however, and the cryptocurrency was trading up about 15% near $4,876 at 6:58 a.m.

ET.

The buying ran the cryptocurrency to a market cap of $85.45 billion, making it more than four times as large as its rival Ethereum.

Some market participants suggested the gains were sparked by an April Fools' Day story on the website Finance Magnates.

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