The price of bitcoin has reached an all-time high of $6,943.27, a climb of more than $500 in the last 24-hours.
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Bitcoin is trading at $6,850.77 at press time, a gain of about 6.5 percent on the day.
Total Market Capitalization also hit a new all-time high hitting over $114 billion.
On Oct. 31, the price of the cryptocurrency increased to $6470.43 just over a week after the price jumped above $6,000 for the first time.
Bitcoin Cash, the cryptocurrency that was cloned from the bitcoin hard fork, also saw an increase on the day, $524.16 (+17.54%) at press time.
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