Bitcoin hits record high, breaks $9,000 over Thanksgiving weekend

Bitcoin is getting closer and closer to $10,000.

The cryptocurrency hit a record high of $9,033 per bitcoin early Sunday morning. The price rose steadily over the weekend and surpassed $9,000 at around 6:40 a.m. UTC (1:40 a.m. ET), according to CoinDesk's Bitcoin Price Index. It now has a market cap of more than $150 billion.

SEE ALSO: Bitcoin's little brother Ethereum is at an all-time high

Another digital currency ethereum also hit an all-time high of $485.18 on Saturday but has since dropped to $461.79 on Sunday, according to CoinMarketCap.

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Bitcoin had been on an incredible run in the latter half of 2017. It was valued at $1,000 at the beginning of the year and is now closer to reaching the $10,000 mark as we inch toward to 2018. Bitcoin's value surpassed $5,000 and $6,000 in October and then rose over $7,000and $8,000 in November.

Price per one bitcoin Credit: https://coinmarketcap.com

That said, it's too early to tell when the price of Bitcoin will reach that $10,000 milestone because the markets act irrationally and could face a price correction, as The Merklenoted.

Bitcoin was boosted by investor interest around Thanksgiving and Black Friday shopping, a digital assets analyst suggested to CNBC.

SEE ALSO: How to talk to your mom and dad about Bitcoin on Thanksgiving

Indeed, Coinbase, the largest bitcoin exchange in the U.S., added around 100,000 accounts between Wednesday and Friday this week to reach a total of 13.1 million. Coinbase had 4.9 million users this time last year, according to CNBC.

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