Bitcoin soared through the $5,000 psychological barrier with a $200, 20-minute spike earlier this morning.
The cryptocurrency found support as Asian markets were closing and Europe was about to open.
The upward spike comes after Tuesday’s mysterious crash where bitcoin fell over $700 in the span of 10 minutes before rebounding.
The flash crash and rebound was only noted on Coindesk website.
The Coindesk price exchange comprises the average price from four exchanges: Bitstamp, Coinbase, itBit, and OKCoin. However, none of these separate exchanges showed the price drop.
According to CoinDesk, the Thursday morning upward move to $5,150 was the first time the digital currency moved above $5K mark.