Bitcoin prices surged to a fresh record high Monday as cash continues to pour into the cryptocurrency after a major exchange raised $100 billion in new funds and new rules look to speed transaction processing times.

Bitcoin prices were marked at $4,171.00 each on the Bitsmap exchange in London, just a few dollars shy of the record $4,182.00 the digital currency hit in early trading, a level that takes bitcoin's year-to-date gain to just under 320%. It also gives Bitcoin a theoretical "market capitalisation" of around $68.7 billion, based on the 16.5 million coins that have been verified by blockchain miners, a figure that would be larger than the value of Switzerland's UBS AG (UBS)  or the combined values of Credit Suisse Group (CS)  and the Royal Bank of Scotland Plc (RBS) .

Watch More with TheStreet:

More from Video

If You Want to Invest in Artificial Intelligence, Here's the One Stock to Buy

If You Want to Invest in Artificial Intelligence, Here's the One Stock to Buy

Economist Perspective: Brexit Endgame in Sight?

Economist Perspective: Brexit Endgame in Sight?

Smaller Cap Stocks Could Make Great Stocking Stuffers Ahead of 2019

Smaller Cap Stocks Could Make Great Stocking Stuffers Ahead of 2019

5 Highly Anticipated Tech IPOs to Watch in 2019

5 Highly Anticipated Tech IPOs to Watch in 2019

Trading Strategies: How to Play the Federal Reserve's Decision Next Week

Trading Strategies: How to Play the Federal Reserve's Decision Next Week