The popular currency, bitcoin, has hit a new high during the Black Friday weekend, surging past the $9,500 level for the very first time.
Bitcoin has hit a new all-time high of $9,724 on Sunday and was last seen at $9,674.90, up 3.97% on the day, according to Kitco’s aggregated charts.
“The move appears to be retail driven,” CNBC quoted Brian Kelly, CEO of BKCM, as saying on Sunday.
Aside from the shopping frenzy, Coinbase — the largest bitcoin exchange in the U.S. — registered around 100,000 new accounts between Wednesday and Friday, with the new total of accounts breaching 13 million.
The gains also come ahead of the launch of a new a Bitcoin futures contract by the Chicago Mercantile Exchange (CME), which is scheduled for the second week of December.