The price of bitcoin has reached an all-time high of $7,492.86, a climb of more than $31 in the last 24-hours.
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Bitcoin is trading at $7,395.13 at press time, a gain of about 3.77 percent on the day.
On Nov 3, the price of the cryptocurrency increased to $7,461.29 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, $629.28 (+3.13%) at press time.