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Bitcoin, the oldest and biggest cryptocurrency, hit a new record high of $68,564 on the Bitstamp exchange at 3:58 a.m. UTC.
It is up 11.73% since the start of November after logging a 42.26% price increase in October.
The flagship coin is now worth $1.289 trillion, and it's on the verge of surpassing the market cap of silver.
Alex DovbnyaThe crypto king touched $67,000 for the first time on Oct. 20, the day after ProShares's "BITO" exchange-traded fund launched in the U.S.
After enduring a 15% correction, Bitcoin swiftly recovered from the drop.
The most recent surge comes after Digital Currency Group CEO Barry Silbert teased "a big week" for the cryptocurrency market.
Godfrey Benjamin
Vladislav Sopov
Dan Burgin