Bitcoin is now worth $1,065.50, up more than 200 percent, after trading at $1.067.50 earlier this week.
The cryptocurrency is up by more than 10 percent in the past 24 hours, according to CoinMarketCap.
The news comes after a week in which Bitcoin and other cryptocurrencies traded at a dizzying $2,400, up almost $300, or 5.5 percent, according on Tuesday.
It is up more like 8.3 percent so far this year.
The price of Bitcoin has been climbing since mid-March, but has been on a steep decline for weeks now.
It has lost more than 30 percent since then.
Bitcoin has been surging on the back of a series of high-profile announcements from Bitcoin Cash, a rival cryptocurrency that launched on April 16.
Bitcoin Cash has attracted significant interest, including from governments and investors, as well as a slew of news organizations, including Bloomberg.
However, the latest surge in Bitcoin Cash may come as a surprise to many.
It was the first major cryptocurrency to trade at more than $1 billion on Wednesday.
Bitcoin is trading at around $1 trillion at the time of writing.
The bitcoin and other altcoins traded on CryptoCurrencyTrader are traded in USD.
They are based on the CryptoTraders Price Index, which has been tracking bitcoin prices since the beginning of March.