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    Bitcoin Trades New Record High Above $9,500, 20 Percent Higher Since Friday

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    As Bitcoin's ascent continues, it clearly intends to beat $10,000 in the near future.

    MOSCOW (Sputnik) Bitcoin, one of the most popular cryptocurrencies based on blockchain technology, has renewed its historic record value, trading at over $9,500 on Monday morning.

    At various exchange trading platform, such as Bitfinex, OKCoin, and Poloniex, Bitcoin rose from around $9,500 to over $9,700.

    According to the Bitstamp exchange, Bitcoin hit a new record high of $9,683.35; it surged 4.5 percent on Monday.

    READ MORE: Bitcoin Tops $9,000 to Fresh Record High Amid Mainstream Investor Demand

    According to exchange site Coindesk, the total market capitalization on the cryptocurrency market for the first time exceeded $300 billion and amounted to $300.5 billion.

    Bitcoin is one of the most popular cryptocurrencies, which have no material form and allow users to make payments for goods and services online. It was introduced in 2009 as an independent alternative to government-backed currencies.

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