The price of bitcoin has reached an all-time high of $7,367.33, a climb of more than $500 in the last 24-hours.
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Bitcoin is trading at $7,048.92 at press time, a gain of about 3.3 percent on the day.
Total Market Capitalization also hit a new all-time high hitting over $122 billion.
On Nov 1, the price of the cryptocurrency increased to $6943.27 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, $587.96 (+11.96%) at press time.
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