The value of a bitcoin reached a new all-time high of $5,856 this morning amid a market that is fast recovering from regulatory news in China.
Gaming firm Nexon has agreed to buy a majority stake in South Korea's Korbit cryptocurrency exchange for roughly $80 million.
Bitcoin's price has bounced back above $4,000 following market losses linked to the recent regulatory crackdown in China.
Cryptocurrency markets are down today following new developments out of China's bitcoin exchange ecosystem.
IOTA's price has tanked since an MIT researcher revealed that code vulnerabilities had led to a patch for the widely-touted cryptocurrency.
Just two days after achieving a historic high of over $5,000 on September 2, bitcoin's price has plummeted to below $4,400.
Having briefly topped the $4,800 mark for the first time yesterday, bitcoin's price has bounced back to achieve a new high of almost $4,880 today.
Gains have been made across many of the top cryptocurrencies today, with litecoin achieving a new all-time high.
Litecoin prices have surged over the past 24 hours, reaching a new all-time high following a month of sideways trading.
Bitcoin prices have once more climbed past $4,400 following days of generally sideways movement below $4,200.