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Newsflash: Bitcoin price reaches $ 5,848, up nearly $ 500 a day

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It was a day of gains for bitcoin in Thursday trading as the price climbed by $ 5,848. noon (UTC).

Bitcoin prices slipped this week after the Bitcoin Gold range, which led traders to sell their altcoin wagers. However, a lack of support for the new cryptocurrency has seen traders return to bitcoin with prices recovering from a week-long slump that saw prices drop to $ 5,365 (Bitfinex) yesterday.

On Thursday, the price of bitcoin continued to rise to a record $ 5,848 at the time of publication, gaining $ 483 from yesterday's lowest level.

In development … Stay tuned for market analysis today.

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