Despite a crackdown on bitcoin in China, other markets like Japan have had a positive impact on the price of the digital currency.
Bitcoin staged a rally over the weekend to hit a one-month high despite experts warning of a potentially volatile upcoming event for the cryptocurrency.
The digital currency hit a high of $4,867 Monday, its highest since Sept. 2 and before the China crackdown, according to data from industry website CoinDesk. Bitcoin last traded nearly 5 percent higher on the day at $4,821.
With Monday’s gains, the digital currency had a market capitalization of $80 billion. Meanwhile, the prices of most other major digital currencies declined. Ethereum fell 4 percent, to $296, according to CoinDesk. The bitcoin offshoot, bitcoin cash, was one of the greatest decliners, falling nearly 13 percent, to $304, according to CoinMarketCap.
A similar split is scheduled for mid-November.