Market data from CoinMarketCap.com shows that the price of bitcoin has increased by almost 20% this week, according to CoinMarketMark.
The digital currency rose about $1,100 in just a matter of hours, but it remains far behind its record highs of more than $4,700 last week.
CoinMarketMarketCap data also shows that Ethereum has the fourth-highest valuation of all cryptocurrencies in the market, after bitcoin, bitcoin cash, ether and litecoin.
The data also indicates that the market capitalization of all cryptocurrency-based startups in the US is now $1.3 trillion.
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