On Monday morning, one Bitcoin, the most popular cryptocurrency, could buy $72,219 (£56,303).
The price of the digital asset has risen 51% in the last month alone, as the so-called ‘halving’ event approaches, in which Bitcoin output will plummet from 900 to 450 each day on April 19th.
Regulators have also given cryptocurrencies a boost.
On Monday, the UK Financial Conduct Authority (FCA) became the latest regulator to allow more people to invest in and track the value of Bitcoin.
It followed measures by the US Securities and Exchange Commission to allow funds holding Bitcoin to trade on US stock exchanges.
