Bitcoin, a virtual currency that has soared from around $1,000 to over $3,000 over the past year, is surging in popularity among investors.
Bitcoin’s price has soared to over one million US dollars ($930) per coin, according to data from CoinMarketCap.
The cryptocurrency surged to $2,600 from $1.5,000 on Monday, with many investors now trading it for as little as $1 a coin.
Bitcoin is also gaining popularity among mainstream investors, with more than $300 million of investments in the cryptocurrency last year.
A recent report by market research firm Technavio showed Bitcoin trading volumes had surpassed $3.8 billion last year, a record for a digital asset.
CoinMarketcap says the digital currency’s value has risen to more than a trillion dollars.