In other words, bitcoin is higher simply because people are buying bitcoin. The value of bitcoin briefly jumped to close to $20,000 on 2017 , with experts struggling to account for the sudden rise. The cryptocurrency rose by around 25% to reach its highest recorded level since November , stabilising at just below $5,000 . Bitcoin has risen by around 25% in November and by more than 60% since dropping to around $3,100 in December . The cryptocurrency peaked at over $5,000 in 2017 .
The value of bitcoin briefly jumped to close to $20,000 on 2017 , with experts struggling to account for the sudden rise. The cryptocurrency rose by around 25% to reach its highest recorded level since November , stabilising at just below $5,000 . Bitcoin has risen by around 25% in November and by more than 60% since dropping to around $3,100 in December . The cryptocurrency peaked at over $5,000 in 2017 .