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Bitcoin surges past $4,000, sets more records

Bloomberg News

The price of bitcoin has skyrocketed this year.

The price of bitcoin continued its meteoric rise Sunday, crossing the $4,000 mark for the first time. After cresting as high as $4,200 earlier in the day, bitcoin BTCUSD, +3.84%   was at $4,078.08 at 5 p.m. Eastern, up 4.1% for the day, according to The price of bitcoin is up more than 40% in August, and more than 280% this year. It first passed the $2,000 mark in May, and topped $3,000 for the first time in June. Bitcoin has surged to a number of new records in the past two weeks, since the digital currency split and created a new currency, Bitcoin Cash.