The price of bitcoin has reached an all-time high of $12,506.80., according to the popular cryptocurrency market website, CoinMarketCap.com.
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Total Market Capitalization also hit a new all-time high hitting over $208 billion.
Bitcoin is trading at $11,442.70 at press time, a gain of about 6.56 percent on the day.
On Nov. 29, the price of the cryptocurrency increased to $11,000 for the first time.
Bitcoin Cash, the cryptocurrency that was cloned from the bitcoin hard fork, decreased on the day, $1,496.93 (-3.36%) at press time.