The price of bitcoin has reached an all-time high of $7,617.48, a climb of more than $124 in the last 24-hours.
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Total Market Capitalization also hit a new all-time high hitting over $126 billion.
Bitcoin is trading at $7,560.98 at press time, a gain of about 1.98 percent on the day.
On Nov 4, the price of the cryptocurrency increased to $7,492.86 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, saw an decrease on the day, $617.27 (-1.82%) at press time.