biticoin continues to repeat its regular boom and bust cycle, as it surpassed $5,000 and shows little sign of stopping. While the cryptocurrency faced some challenges in 2017, it appears to have done little to stymie Bitcoin’s growth. At the start of 2017, a single Bitcoin would have cost just over $1,000. that peak proved to be only the start of the currency’s latest boom. explosive interest has sent it to new heights within months, and it now sits at $5,707.