The price of a single bitcoin is currently trading for more than $1 million.
It’s worth an average of $1.1 million per coin, according to CoinMarketCap.
The cryptocurrency’s price has increased in value since its peak in July, when it peaked at $9,700.
Since then, bitcoin’s price rose by more than 500 percent, according the CoinDesk Bitcoin Price Index.
The Bitcoin market is currently experiencing a “double dip” in value as its price is still soaring, according CoinDesk.
The cryptocurrency’s value has been soaring because of a surge in demand for the digital currency, according CNBC.
The price of bitcoin is now higher than the value of gold, according a CNBC report.
Gold is currently the second-most valuable asset class, after oil, according data from Bloomberg.