The cryptocurrency Bitcoin has surged to an all-time high, trading above the $10,000 threshold.

Bitcoin has increased more than 900% since the beginning of the year, making it the stand-out asset of 2017.

Cryptocurrencies have become mainstream, as funds and institutional investors begin to invest in these digital assets.

Avatrade’s Chief Market Analyst, Adrienne Murphy has said:

the long-term upward trend of Bitcoin has been supported by speculation in Asian markets and the flurry of institutional interest in the cryptocurrency market

Will Bitcoin hit another record high?