Bitcoin has just jumped 2.5% to record $18,000 for the first time since December 2017, when the world's most valuable digital currency arrived to a record high of $20,000.
According to data from the CoinDesk, bitcoin price traded up about 8.6% on Wednesday morning at $18,172, surpassing December's level.
Following, the COVID-19 crisis, as well as interest from investors, such as Stanley Druckenmiller and Paul Tudor, bitcoin has jumped by more than 150% amid an unprecedented monetary and financial stimulus.
The cryptocurrency is expected to hit its all-time high of $19,783, similar to late 2017 estimates. After the big jump in 2017, the bitcoin's bubble burst to drop as much as $3,122 in 2018.
The rise in cryptocurrencies, led by bitcoin, comes as positive developments regarding potential vaccines for the coronavirus are anticipated. Digital currencies continue their strong gains recently, with hopes of increasing reliance on them by companies, especially after the payment company "PayPal" announced that it will allow customers to use, buy and sell cryptocurrencies.
Bitcoin has risen more than 135% since the start of this year, but it still needs a 12% increase to reach its highest level ever.
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