Bitcoin Reaches Latest High, Inches Closer To $8,000

Bitcoin reached a fresh, all-time high today, surpassing $7,800 for the first time and moving ever closer to $8,000, the next key, psychological price level.

The world's largest digital currency by market capitalization rose to as much as $7,815.03, according to the CoinDesk Bitcoin Price Index.

At this price level, Bitcoin had returned more than 700% year-to-date (YTD).

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

Bitcoin's Sustained Rally

The cryptocurrency has had a blockbuster year thus far, breaking through several key, psychological levels including $2,000, $3,000 and more recently $7,000.

Bitcoin has managed to make these great strides at a time when interest in this particular cryptocurrency - and digital currencies in general - has reached an all-time high.

Google Trends data shows that during the last few weeks, search interest in the term "Bitcoin" has hit several all-time highs.