Not content with hitting above $5,000, bitcoin price has now shattered past the ceiling with a new all-time high.

The USD value of bitcoin began the day near $4,800 before frenetic trading ensued the cryptocurrency had climbed to a new all-time high above $5,200 before 09:00 (GMT).

The momentum has stuck, with bitcoin price rally now hitting a new all-time high of $5,419 on Bitfinex.

Bitcoin’s market cap is now within touching distance of $90 billion after the cryptocurrency gained over 10% over a 24-hour period. Since the turn of the month, bitcoin is up nearly 25%.

Developing…Stay tuned for a detailed analysis of the day’s second spike.