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The price of bitcoin has hit a new all-time high, according to the CoinDesk Bitcoin Price Index (BPI).

The market average has risen to as high as $2,911.86 as of press time, BPI data shows, surpassing the previous all-time high of $2,791.69 set on 25th May.

Bitcoin prices began the month below $2,500, according to the BPI, trading as low as $2,330.23 on 1st June. Markets climbed above the $2,700 mark for the first time this month yesterday, rising steadily during Monday's trading session.

At press time, the average price of bitcoin is $2,902.37, BPI data shows.

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