Bitcoin surged 5 percent to a record high above $6,000 on Friday.
The cryptocurrency traded at $6,003.81 as of 11:48 a.m. in New York, according to CoinDesk.
Bitcoin notched its record after briefly plunging 8.7 percent Wednesday amid fears of greater scrutiny from U.S. regulators.
Most of the cryptocurrency's trading volume came from Japan, with 59 percent of the trades executed in Japanese yen. Trades in U.S. dollars accounted for 25.5 percent of all trades, according to CryptoCompare.
Nevertheless, the cryptocurrency has had a stellar performance over the past month, rising 50.4 percent. This despite being criticized by JPMorgan Chase and BlackRock CEOs Jamie Dimon and Larry Fink.
Dimon said last week at a conference that people who own the cryptocurrency are "stupid." Fink, who spoke at the same conference, called bitcoin an "index of money laundering."