- Bitcoin climbs to a record above $6,000 as investors bet on future gains for the digital currency, especially as events in the next few weeks could remove major overhangs .
- Trading volume in bitcoin also far surpassed that of other digital currencies, indicating high investor demand.
- The gains come despite greater scrutiny of bitcoin from regulators and strong criticism from major bank executives.
Bitcoin surged 5 percent to a record high above $6,000 on high trading volume Friday.
The cryptocurrency hit a record high of $6,003.81 in late morning New York trading, according to CoinDesk. Bitcoin later pared some gains to trade around $5,905 by early afternoon.
Twenty-four hour trading volume in U.S. dollars for bitcoin was nearly $2 billion, versus the hundreds of millions for other digital currencies such as ethereum and the bitcoin offshoot, bitcoin cash, according to another industry data website, CoinMarketCap.
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