By reaching this level, Bitcoin's year-to-date (YTD) gain increased to more than 1,350%.
[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]
"It is a full bull run that is blowing out expectations," said Justin Wu, head of growth at Coincircle.com.
Korea's Outsize Impact
Korea has been having a significant impact on the digital currency markets, helping drive their activity.
Wu emphasized this development, asserting that the nation's ban on Initial Coin Offerings (ICOs) is causing the country's investors to flock to major cryptocurrencies such as Bitcoin.