- The digital currency hit a record high of $2,967.48, according to CoinDesk.
- Bitcoin has had a stellar year, rising nearly 200 percent, but its ride to the top has not been smooth.
Bitcoin surged more than 8 percent at one point on Tuesday to a record, breaking above $2,900.
The digital currency hit a high of $2,967.48 earlier in the session before giving back some gains to trade at $2,779.67, according to CoinDesk. The cryptocurrency came off its record shortly after Mark Cuban said it was in a bubble.
The Bitcoin Investment Trust (GBTC) fund, which tracks bitcoin, rose 3.3 percent and traded record highs.
Ethereum, an alternative cryptocurrency to bitcoin, also rose on Tuesday, advancing nearly 3 percent to build on Monday's record-setting session and its massive year-to-date gains.
Bitcoin has also had a stellar year, rising nearly 200 percent, easily outperforming stock market benchmarks like the S&P 500 and the Nasdaq composite in 2017. Entering Tuesday's session, the S&P and Nasdaq had risen 8.81 percent and 16.9 percent for the year, respectively.
more:
http://www.cnbc.com/2017/06/06/bitcoin-surges-to-new-record-rising-above-2900.html
