The price of bitcoin has reached an all-time high of $14,780.10, 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 $247 billion.
Bitcoin is trading at $14,669.60 at press time, a gain of about 17.42 percent on the day.
Yesterday, the price of the cryptocurrency increased to $12,000 for the first time.
Bitcoin Cash, the cryptocurrency that was cloned from the bitcoin hard fork, decreased on the day, $1,397.58 (-6.86%) at press time.