The price of bitcoin has reached an all-time high of $6470.43, a climb of more than $200 in the last 24-hours.
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Bitcoin is trading at $6,399.87 at press time, a gain of about 4.1 percent on the day.
Total Market Capitalization also hit a new all-time high hitting over $106 billion.
On Oct. 29, the price of the cryptocurrency increased to $6,306.58 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, was slightly down on the day, $450.61 (-0.17%).
The downward trend is expected due to the announcement that developers are intending to make technical changes to uphold network stability.