Bitcoin, the digital currency that first burst onto the scene in 2009, is being valued at more than $1,300 a coin, according to CoinDesk.
That’s up from about $1 per coin in late 2016, when the price peaked at more or less $8,000 a coin.
It’s not the first time Bitcoin has gained popularity.
In early 2016, the cryptocurrency experienced an upswing, hitting a record high of $4,600 before a bearish price rally in 2017 that brought it back down to $3,400.
But now, the currency has more than doubled in value since the beginning of 2017, reaching $6,400 last week, according a coinmarketcap.com analysis of data from CoinDesk, which tracks Bitcoin prices by value.
CoinDesk’s analysis also shows that Bitcoin’s average trading volume on exchanges has been more than eight times the market capitalization of the United States.
At the end.
of the month, the price is expected to hit $7,800.
Bitcoin is a digital currency based on an open-source protocol developed by the founder of the online cryptocurrency bitcoin, Satoshi Nakamoto.
The cryptocurrency is used to buy and sell goods and services in a virtual world, with no central authority or central bank.
Unlike traditional currencies, which are pegged to a country’s government, bitcoin transactions are not recorded in government accounts, and are untraceable.
Bitcoins are widely used as a store of value, and have been the focus of some of the world’s biggest cyberattacks in recent years.
In December, hackers gained access to a Bitcoin wallet that had been used by former Trump campaign chairman Paul Manafort, according the Washington Post.
The currency’s rise has come at a time when the government is looking to crack down on illegal online activities and curb the flow of illegal drugs.
In February, a bill that would have allowed the government to seize bitcoins and other digital assets in the US was passed in Congress.
The measure, known as the Stop Trading on Congressional Knowledge Act, would have required companies to report bitcoin transactions, but also require them to provide the government with any information they have on customers.
This would have affected nearly 100 bitcoin exchanges, including Coinbase, Bitstamp and Mt.
More recently, the Treasury Department announced plans to seize assets held in bitcoin wallets linked to people associated with drug trafficking organizations, according Bloomberg News.
In March, the US government announced that it would seize $200 million in bitcoin, valued at about $20 million, as part of an ongoing crackdown on the digital cash.
In February, the Securities and Exchange Commission fined Coinbase $250,000 for selling illegal drugs and violating its “anti-money laundering” rules.
The company, which was founded in 2011, said in a statement that it has since added a new compliance tool to the platform that can alert the SEC of suspicious activity.