Cryptocurrency Bitcoin broke the $5,000 barrier in the early hours of Saturday morning.
After threatening late on Friday afternoon, Bitcoin hit new highs at around 1.30am UK time, topping out at $5,013.91.
The currency stayed over the $5,000 marker for around 10 minutes before taking a tumble. It is now worth just over $4,750.
With the latest record broken, the volatile currency has doubled in value since June. It is approaching a 1,000 per cent increase since this time last year.
The latest surge has been suggested by some analysts as being a result of events on the Korean peninsula. Similar to gold, analysts believe investors see the crytocurrency as a safe haven for investment.