Bitcoin smashes through $5,000 to hit a new record high

Bitcoin hit a new record high Thursday with rising investor interest causing a rally for the price of the cryptocurrency.

The bitcoin price hit an all-time high of $ 5,087.38 in early trade on Thursday, according to data from industry website Coindesk. This surpassed the previous high of $ 5,013.91 hit on September 2.

Investors appear to have shrugged off much of the negative news from regulators around bitcoin.

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