Bitcoin broke through the $1,900 mark for the first time on Friday, hitting an all-time high, driven by global political uncertainty and key developments within the cryptocurrency world.
The digital currency was trading at around $1,951.87 on Friday morning, according to CoinDesk's bitcoin price index. The current level marks a more than 6.8 percent rise from a week ago.
Bitcoin's market capitalization is now $31.89 billion, up more than $4 billion from Monday.
A number of factors are responsible for bitcoin's rise, from increased trading in Japan to debates over the future of bitcoin's underlying technology.