Bitcoin Surges to Another Record, This Time Passing $2,500

May 25, 2017

Bitcoin's value set a new record as it crossed the $2,500 level, meaning it has more than doubled this year.

The digital currency rose 10% yesterday to its record high of $2,537.16, according to CNBC.

In five days, Bitcoin rose to just over 40% and has gone up 88% so far this month. On April 30, the currency was valued at $1,348.65.

Bitcoin has consistently been breaking its own records over the last week, and saw its seventh anniversary for the first recorded Bitcoin transaction.

The recent Bitcoin surge is also tied to Japan and China treating the currency with more legitimacy. At the start of April, Japan introduced rules that presented Bitcoin as an actual currency. The value of Bitcoin has seen a steady increase since then.

All products and services featured are based solely on editorial selection. FORTUNE may receive compensation for some links to products and services on this website.

Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions