Bitcoin price continued its upward momentum on Tuesday as it hit a record high of $2,100.01 per coin.
The digital currency has been gaining steam in recent weeks, with the price reaching an all-time high of about $2.2,500 earlier this month.
Bitcoin price on Tuesday reached a record-high of $22,931.85, according to CoinMarketCap.
The cryptocurrency is currently trading at around $1,800.
Bitcoin has seen several big price gains in recent days.
The price was trading at $22.8 million in early morning trade.
On Tuesday, it traded above $21.6 million.
On Monday, it closed above $20.8.
The next highest market cap bitcoin was $18.3 million.
Last week, bitcoin prices were trading near a record low, with some analysts warning that bitcoin could lose value.
In late June, the price fell below $15,000.
On Tuesday, the bitcoin price surpassed $19,000, according a Reuters report.
The latest rally has been spurred by bullish comments from the Chinese central bank about the technology.
The central bank has said it is interested in the technology and that the country’s central bank may be able to use it to support its economy.
Bitcoin is not the only cryptocurrency that is gaining popularity.
The value of Ether has risen more than 40 percent this week to more than $300,000 per coin, according data from cryptocurrency analytics firm CryptoCompare.
The Ethereum blockchain is a cryptocurrency network that is a decentralized, open-source platform for creating applications and other services.
Ether has also gained traction in other countries, including the U.K., Germany and Brazil.
The cryptocurrency market has been heavily influenced by the Chinese government’s plans to develop a virtual currency, known as “blockchain.”
Blockchain technology allows a decentralized network to operate without any central authority.
It is a form of virtual money that is not backed by any central bank or government.
In June, Chinese authorities announced that they had developed the technology, which was initially envisioned to be used to facilitate payments in the real world.
The country’s Ministry of Commerce said it has been working on creating a virtual coin called the People’s Bank of China, which is being developed to replace the countrys own national currency, the yuan.
The central bank of China is currently working on developing a blockchain that would replace the yuan and will also be used for international trade, according the China National Press Agency.
Bitcoin prices were recently boosted when bitcoin exchange Coinbase said it had received $1.4 million from China’s central government for creating a blockchain platform that would help the government develop its digital currency.
Bitcoin price is still well below the $200,000 mark.