Bitcoin prices topped $5,000 for the first time today, surpassing this key, psychological level and setting a fresh high.
The crypocurrency's price had risen to as much as $5,005.26 at the time of report, according to the CoinDesk Bitcoin Price Index (BPI). This brought its year-to-date (YTD) return to almost 420%.
These digital assets have been generating significant visibility is their a growing number of organizations explore their potential uses.
Further, many companies have been holding initial coin offerings (ICOs), innovative token sales where organizations can raise funds.