Bitcoin leaped to a fresh record high Tuesday, spurred by a jump in global trading activity.
The digital currency climbed almost 3 percent to an all-time high of $1,442.58 Tuesday, according to CoinDesk. The currency has jumped almost 7 percent in the two days to begin May.
Alex Sunnarborg, a CoinDesk research analyst, pointed to a spike in global trading volume, especially from Japan and its bitFlyer bitcoin exchange.
There seems to be an increasing amount of capital flows into bitcoin from around the globe.
"The biggest driver right now is you're starting to see institutional investors take a keen interest in the entire sector," said Brian Kelly, founder of Brian Kelly Capital, which recently launched a digital assets fund for outside investors.
Source: Bloomberg
Trader Bozhidar Arabadzhiev
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