The price of Bitcoin has risen by more than $100,000 in the past three days, according to a new blockchain listing on CoinMarketCap.
Bitcoin surged by more more than 9,600% since Tuesday afternoon, the highest since May 4, when it reached $1,150.
Bitcoin has also been gaining steam since China announced on Wednesday that it is cracking down on digital currency transactions and cracking down harder on financial institutions that facilitate the digital currency.
The move is aimed at curbing speculation and volatility in the market, which is seen as fueling a boom in virtual currencies.
Bitcoin rose more than 13,000% in the first three days of the year, according a CoinDesk analysis of data from data provider CoinMarket, a site that tracks cryptocurrencies and the blockchain technology behind them.
The digital currency has gained nearly 6,000%, or $4.5 billion, in value in the same period, according the data.
The market value of Bitcoin at time of publication: $9,764,633.00Source: CoinDesk