Digital Currency Group

Bitcoin smashes $2,900 barrier to hit record high

Bitcoin's rocketing rise in value shows no sign of abating after breaking the $2,900 mark Tuesday.

The digital payment reached a value of $2,967.48 at around 1.20pm UTC Tuesday, according to the Coindesk Bitcoin Price Index. The pricing is a record high for the cryptocurrency which has been hit with periods of volatility.

Bitcoin blows past $2,300

The price of bitcoin has seen another surge of 6.5 percent on Wednesday to reach an all-time-high of $2,389. The world's most popular digital currency has gained 145 percent this year and has nearly doubled in value just in the last month.