On Sunday around 8:00 p.m. London time, it hit a record high of $8,101.91, according to data from industry website CoinDesk. Bitcoin held above $8,000 in early trade on Monday.
It’s now up more than 700% this year after shrugging off a tumble of as much as 29% earlier this month.
The rally comes on the back of a huge sell-off on Sunday, November 12,where the price of Bitcoin fell to around $5,500. That low, to the record high on Sunday, marks a more than 47 percent increase in the cryptocurrency's price.