Bitcoin just rocketed to another record high

Photo: Scott Nelson/ Getty Images.

Another day, another surge in value for the world’s biggest cryptocurrency.

Prices have rocketed to a record high this afternoon, as the Cboe exchange prepares to launch Bitcoin futures on Monday.

Here’s the five-minute price action on the Kraken exchange, via

John Spallanzani, chief macro strategist at CFI Group, told Business Insider trading activity in Asia was the catalyst for the new milestone.

“Bitcoin continues to have a strong bid during Asia trading as emerging market currencies are being sold to buy, pushing us above another milestone,” Spallanzani said in a Twitter direct message.

And in the wake of the latest price increases, Didi Taihuttu — the Dutch national who sold everything to buy Bitcoin — is feeling pretty good about his decision.

Price moves have been less pronounced among the other major cryptocurrencies, although IOTA coin continues to push higher in afternoon trade — it’s now up by around 250% over the past week.

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