Bitcoin continued its surge over the weekend, after it topped $10,000 on Friday, hitting what appears to be a recovery for the cryptocurrency.

On Saturday the digital coin surpassed $11,000 for a time, before coming back down. It was around $10,800 on Sunday afternoon, according to Coindesk.com.

Those numbers are a striking rebound from bitcoin's fall early this year to around the $3,000-area over January.

The higher values also come as Facebook  (FB) - Get Report  unveiled plans last week for its cryptocurrency, which will be coined Libra.

Libra is being dubbed as "a new decentralized blockchain, a low-volatility cryptocurrency, and a smart contract platform that together aim to create a new opportunity for responsible financial services innovation" by the social media giant.

The new currency is reportedly not targeted at competing head-to-head with bitcoin.

The last time bitcoin traded above $10,000 was in early 2018; its high was in late 2017 when it surpassed $17,000.

"Bitcoin is having an excellent year as it continually reaches new 12-month highs, reviving investors' interest in the currency. In fact, bitcoin is outpacing more traditional investment instruments such as stocks, bonds, gold and oil, buoying its role as an integral financial vehicle," wrote Jordan French in TheStreet as the currency began its recent rise.

Facebook is a holding in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells FB? Learn more now.