Close Menu
  • Crypto News
    • News
    • Bitcoin
    • Blockchain
    • BNB
    • Dogecoin
    • Ethereum
    • Litecoin
    • Meme Coins
    • Solana
    • Toncoin
    • XRP
  • Business
  • Markets
  • Regulation
  • Guides
  • Press Release
What's Hot

Metaplanet’s $5 Billion Capital Fuels Bitcoin Strategy

June 27, 2025

The COIN Act: Can This Bill Stop Trump’s Digital Cash Flow?

June 27, 2025

Polymarket NYC Mayor Betting Sees Big Jump As Scandals Unfold

June 27, 2025
Facebook X (Twitter) Instagram
  • About Us
  • Contact Us
  • Terms of Service
  • Privacy Policy
X (Twitter) Telegram
Crypto Junction
  • Crypto News
    • News
    • Bitcoin
    • Blockchain
    • BNB
    • Dogecoin
    • Ethereum
    • Litecoin
    • Meme Coins
    • Solana
    • Toncoin
    • XRP
  • Business
  • Markets
  • Regulation
  • Guides
  • Press Release
Crypto Junction
Home » Bitcoin Price Surges Past $5,000 to Record High Amid Market Volatility
Bitcoin Crypto

Bitcoin Price Surges Past $5,000 to Record High Amid Market Volatility

Karly MarieBy Karly MarieOctober 12, 2017Updated:March 9, 20254 Mins Read
Twitter Telegram Copy Link Pinterest LinkedIn Facebook Reddit
Share
Twitter Telegram Facebook Pinterest Copy Link

Cryptocurrency Hits Historic Peak Amid Volatility and Regulatory Crackdowns

Bitcoin has once again defied expectations, surging past $5,000 for the first time ever, setting a new record high of $5,243. The meteoric rise, which has seen the cryptocurrency appreciate by more than 750% in the past year, has fueled both investor excitement and heightened concerns of an impending financial bubble.

Having started 2017 at just $966, Bitcoin is now valued at over four times the price of an ounce of gold. However, its journey has been anything but stable. Just weeks ago, in mid-September, Bitcoin plunged below $3,000 after China imposed a stringent crackdown on cryptocurrency trading, forcing exchanges to shut down amid concerns over financial risks.

China’s Ban and Global Concerns Over Cryptocurrency

China’s decision to halt cryptocurrency exchanges sent shockwaves through the market. The move, aimed at curbing speculation and preventing financial instability, dealt a significant blow to Bitcoin’s price. But despite the temporary setback, the cryptocurrency rebounded strongly.

“Bitcoin’s resilience is remarkable, especially in the wake of China’s trading ban,” said Jordan Hiscott, chief trader at Ayondo Markets. “China previously accounted for at least 10% of global Bitcoin transactions, yet the market has quickly adjusted and recovered.”

Beyond China, global regulators are voicing concerns. Russian President Vladimir Putin recently acknowledged the potential risks of digital currencies, including money laundering and illicit transactions. However, he also warned against excessive restrictions, a stance that has seemingly bolstered Bitcoin’s appeal.

Meanwhile, Japan has taken a more progressive approach, officially recognizing Bitcoin as a legal payment method. This regulatory acceptance has strengthened confidence in cryptocurrency adoption, contrasting with the skepticism seen in other parts of the world.

Mainstream Adoption and the Rising Popularity of Bitcoin

Despite warnings from financial experts, Bitcoin’s growing acceptance is undeniable. In London, property developer The Collective has announced plans to accept Bitcoin for rental deposits, a move that reflects the increasing use of cryptocurrencies in everyday transactions.

High-profile endorsements have also fueled Bitcoin’s popularity. Celebrities like Floyd Mayweather, Paris Hilton, and Jamie Foxx have publicly backed cryptocurrency projects, adding to the hype surrounding digital assets.

At its core, Bitcoin allows users to bypass traditional banking systems, making transactions faster and more decentralized. However, concerns persist over its potential use in illicit activities due to the anonymity it offers.

Financial Experts Warn of a Bitcoin Bubble

As Bitcoin’s value skyrockets, so do concerns that the market is experiencing an unsustainable bubble. Prominent critics, including JP Morgan CEO Jamie Dimon, have dismissed Bitcoin as a “fraud” destined for collapse. Dimon even threatened to fire any JP Morgan trader caught investing in Bitcoin, though he later admitted his own daughter had bought into the craze.

Harvard economist Kenneth Rogoff has also predicted that while blockchain technology will thrive, Bitcoin’s price is likely to plummet. “Governments will never allow Bitcoin to replace state-backed currencies,” he wrote. “Small anonymous transactions may be tolerated, but large-scale, unregulated cryptocurrency payments pose a major threat to financial systems.”

Is Bitcoin’s Surge Sustainable?

History suggests that Bitcoin’s volatility is far from over. In 2013, the cryptocurrency experienced a twelvefold surge in four months, only to lose 60% of its value shortly after reaching its peak.

Financial analyst Daniel Murray cautioned that investors are often lured by rapid gains without considering the underlying value of an asset. “Traditional currencies are backed by macroeconomic fundamentals and central banks. Bitcoin, while its supply is controlled, lacks these foundational supports,” he said.

Despite the risks, Bitcoin’s rise continues, driven by speculative enthusiasm and increasing mainstream interest. Whether this rally marks the beginning of a new financial era or the prelude to a dramatic crash remains to be seen.

One thing is clear—Bitcoin’s journey is far from over.

Bitcoin Blockchain Crypto Crypto Market Crypto Regulation Cryptocurrency digital assets Digital Currency fintech
Share. Telegram Twitter LinkedIn Pinterest Facebook Reddit Copy Link
Karly Marie
Karly Marie

Related Posts

The COIN Act: Can This Bill Stop Trump’s Digital Cash Flow?

June 27, 2025

Ethereum Price Drop Triggers Biggest ETF Outflow Yet

June 25, 2025

Thai New Token Issuance Rules Under Consultation

June 25, 2025

CoinMarketCap Security Breach Triggers Wallet Scam Alert

June 25, 2025
Trending Posts

The Cryptocurrency Revolution: Trends Reshaping the Financial Landscape

September 20, 2017

Trump Meme Coin Drops Despite WLF Investment Push

June 16, 2025

Bitcoin 2016: ‘There Has Been an Awakening…’—A Look Back at the Market Shift

May 3, 2016

Subscribe to Updates

Get the latest sports news from SportsSite about soccer, football and tennis.

Crypto Junction, founded in 2014, is one of the original and most trusted sources for cryptocurrency news and blockchain insights. We provide accurate, unbiased, and timely coverage of digital assets, market trends, and industry developments.

All content on Crypto Junction is for informational and educational purposes only and should not be considered financial, investment, or legal advice. Cryptocurrency investments are highly volatile and carry risks. Always conduct your own research before making financial decisions.

We're social. Connect with us:

X (Twitter) Telegram
Top Insights

Metaplanet’s $5 Billion Capital Fuels Bitcoin Strategy

June 27, 2025

The COIN Act: Can This Bill Stop Trump’s Digital Cash Flow?

June 27, 2025

Polymarket NYC Mayor Betting Sees Big Jump As Scandals Unfold

June 27, 2025
ABOUT
  • About Us
  • Cookie Policy
  • Editorial Policy
  • Investment Disclaimer
  • Press and Media Kit
  • Terms of Service
  • Affiliate Disclosure
  • Contact Us
NEWSLETTER

Subscribe to Updates

Get the latest crypto news and updates direct to your inbox - we don't spam

X (Twitter) Telegram
  • Altcoin News
  • Bitcoin News
  • Dogecoin News
  • Ethereum News
  • Litecoin News
  • Meme Coin News
  • Solana News
  • XRP News
© 2025 Crypto Junction

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 107,256.74
ethereum
Ethereum (ETH) $ 2,421.49
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.18
bnb
BNB (BNB) $ 645.15
solana
Solana (SOL) $ 143.35
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.273293
dogecoin
Dogecoin (DOGE) $ 0.161769
staked-ether
Lido Staked Ether (STETH) $ 2,419.95
cardano
Cardano (ADA) $ 0.559767
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 107,148.71
hyperliquid
Hyperliquid (HYPE) $ 36.57
bitcoin-cash
Bitcoin Cash (BCH) $ 498.76
wrapped-steth
Wrapped stETH (WSTETH) $ 2,917.53
sui
Sui (SUI) $ 2.69
chainlink
Chainlink (LINK) $ 13.14
leo-token
LEO Token (LEO) $ 9.09
avalanche-2
Avalanche (AVAX) $ 17.54
stellar
Stellar (XLM) $ 0.237128
usds
USDS (USDS) $ 0.999961
the-open-network
Toncoin (TON) $ 2.85
shiba-inu
Shiba Inu (SHIB) $ 0.000011
whitebit
WhiteBIT Coin (WBT) $ 46.33
weth
WETH (WETH) $ 2,421.11
litecoin
Litecoin (LTC) $ 85.23
wrapped-eeth
Wrapped eETH (WEETH) $ 2,591.82
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
hedera-hashgraph
Hedera (HBAR) $ 0.145622
monero
Monero (XMR) $ 308.50
bitget-token
Bitget Token (BGB) $ 4.69
ethena-usde
Ethena USDe (USDE) $ 1.00
polkadot
Polkadot (DOT) $ 3.36
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 107,338.76
pi-network
Pi Network (PI) $ 0.557258
uniswap
Uniswap (UNI) $ 6.86
aave
Aave (AAVE) $ 256.03
pepe
Pepe (PEPE) $ 0.000009
dai
Dai (DAI) $ 1.00
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.18
aptos
Aptos (APT) $ 4.77
okb
OKB (OKB) $ 50.31
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
bittensor
Bittensor (TAO) $ 321.90
near
NEAR Protocol (NEAR) $ 2.10
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 173.74
internet-computer
Internet Computer (ICP) $ 4.73
crypto-com-chain
Cronos (CRO) $ 0.080541
ethereum-classic
Ethereum Classic (ETC) $ 16.10
susds
sUSDS (SUSDS) $ 1.06
ondo-finance
Ondo (ONDO) $ 0.744503
tokenize-xchange
Tokenize Xchange (TKX) $ 27.64
usd1-wlfi
USD1 (USD1) $ 0.99988
mantle
Mantle (MNT) $ 0.596257
kaspa
Kaspa (KAS) $ 0.074715
gatechain-token
Gate (GT) $ 15.66
fasttoken
Fasttoken (FTN) $ 4.41
official-trump
Official Trump (TRUMP) $ 9.00
cosmos
Cosmos Hub (ATOM) $ 3.93
vechain
VeChain (VET) $ 0.0204
fetch-ai
Artificial Superintelligence Alliance (FET) $ 0.664891
lombard-staked-btc
Lombard Staked BTC (LBTC) $ 107,301.75
sky
Sky (SKY) $ 0.079361
render-token
Render (RENDER) $ 3.18
sei-network
Sei (SEI) $ 0.285911
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.174741
ethena
Ethena (ENA) $ 0.252323
quant-network
Quant (QNT) $ 105.08
algorand
Algorand (ALGO) $ 0.174278
arbitrum
Arbitrum (ARB) $ 0.30199
jupiter-perpetuals-liquidity-provider-token
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 4.38
filecoin
Filecoin (FIL) $ 2.19
first-digital-usd
First Digital USD (FDUSD) $ 0.998343
binance-peg-weth
Binance-Peg WETH (WETH) $ 2,421.19
usdtb
USDtb (USDTB) $ 1.00
worldcoin-wld
Worldcoin (WLD) $ 0.872773
kucoin-shares
KuCoin (KCS) $ 11.11
binance-staked-sol
Binance Staked SOL (BNSOL) $ 151.93
usdt0
USDT0 (USDT0) $ 1.00
jupiter-exchange-solana
Jupiter (JUP) $ 0.408415
nexo
NEXO (NEXO) $ 1.20
flare-networks
Flare (FLR) $ 0.017116
rocket-pool-eth
Rocket Pool ETH (RETH) $ 2,757.61
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 2,535.80
spx6900
SPX6900 (SPX) $ 1.19
bonk
Bonk (BONK) $ 0.000013
polygon-bridged-usdt-polygon
Polygon Bridged USDT (Polygon) (USDT) $ 1.00
injective-protocol
Injective (INJ) $ 10.45
kaia
Kaia (KAIA) $ 0.174143
fartcoin
Fartcoin (FARTCOIN) $ 1.02
blockstack
Stacks (STX) $ 0.65527
binance-bridged-usdc-bnb-smart-chain
Binance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
celestia
Celestia (TIA) $ 1.44
paypal-usd
PayPal USD (PYUSD) $ 0.999764
xdce-crowd-sale
XDC Network (XDC) $ 0.059579
sonic-3
Sonic (S) $ 0.30395
virtual-protocol
Virtuals Protocol (VIRTUAL) $ 1.44
optimism
Optimism (OP) $ 0.533997
solv-btc
Solv Protocol BTC (SOLVBTC) $ 106,969.66
pax-gold
PAX Gold (PAXG) $ 3,298.31