Oyogist.com has learned that Bitcoin, one of the world’s largest cryptocurrency by market capitalisation, has surged to a fresh record high of $68,000.
The price of the cryptocurrency traded 4.1 percent higher on Tuesday.
The last record set by Bitcoin was in October at $67,000 mark.
The cryptocurrency has continued to gain acceptance worldwide as an alternative mode of payment to fiat currency.
has received endorsements from Elon Musk, the world’s richest man and Tesla CEO; Mastercard, among others.
The Bank of New York Mellon Corp., an American investment banking services holding company, had announced that it would hold, transfer and issue Bitcoin and other cryptocurrencies for institutional customers.
Since the start of October, Bitcoin has seen a bullish run, with the crypto market in total adding nearly $1 trillion to its total value in one month.
The total market capitalisation of the crypto market currently stands at $2.94 trillion.