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Bitcoin Makes Assault on $5,000 in Record Breaking Rally: Chart
The largest digital tender has surged on the acceptance of a plan to quicken trade execution.
12 Oct 2017, 03:06 PM IST 
An exhibitor, right, talks to attendees during the Inside Bitcoins conference in New York, U.S. (Photographer: Jin Lee/Bloomberg)
(Bloomberg) -- Bitcoin began September by approaching $5,000, following up on a record-breaking run in August spurred by optimism that faster transaction times will hasten the spread of the cryptocurrency. The largest digital tender has surged on the acceptance of a plan to quicken trade execution by moving some data off the main network. The solution -- termed SegWit2x -- had been so contentious that a new version of the asset called Bitcoin Cash was spun off in opposition.
To contact the reporter on this story: Dave Liedtka in New York at dliedtka@bloomberg.net.
To contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Brendan Walsh, Sophie Caronello