 "Bitcoin jumps up by 7 percent to be valued at $5000 for the time ever")
Bitcoin smashed through the $5,000 barrier for the first time ever on 12 October, jumping as much as 7 percent to chalk up its biggest daily rise in over two weeks.
Bitcoin, the original and still the biggest cryptocurrency, has been on a tear recently, rallying nearly 75 percent in barely a month. It has chalked up a more than fivefold increase in price since the start of the year.
On 10 October, Russia decided to block access to websites of exchanges that offer crypto-currencies such as Bitcoin, Russian Central Bank First Deputy Governor Sergei Shvetsov said.
Later the authorities accepted the globally booming market of crypto-currencies but want to either control the turnover or to limit access to the market.
Speaking at a conference on financial market derivatives, Shvetsov said the central bank sees rising interest in crypto-currencies because of high returns from buying into such instruments.
With inputs from Reuters
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