Bitcoin trades above $5000 for the first time ever

The alternative currency spiked more than 6% on Thursday, surging above the $5,000 barrier.

Bitcoin traders might be feeling good right now: For much of September, Bitcoin's value took a dive, at one point losing about a third of its worth from summer highs.

Bitcoin's rival ethereum rose 1.93 percent to $307.

This continuous rise of the Bitcoin and other cryptocurrencies comes even as analysts continue to issue warnings of a potential price bubble even though the digital currency has soared 750% in the past year.

The first is speculation that trading of the currency could soon resume in China following a crackdown on domestic exchanges.

This week, Russian Federation has announced the regulation of digital currencies, as President Vladimir Putin said the instrument has significant financial risks. Goldman CEO Llloyd Blankfein added to the hype, tweeting that "folks were also skeptical when paper money displaced gold".

But the price has been volatile.

Finally, on Thursday morning, Bloomberg reported JPMorgan Chase's chief financial officer said the firm is open-minded to digital currency - and Dimon said: "I'm not going to talk about bitcoin anymore".

Not every big bank is as keen.

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