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Bitcoin's Big Surge Continues

Bitcoin's Big Surge Continues

Bitcoin prices surged to another all-time high Monday, taking the total value of the cryptocurrency in circulation to more than $37.5 billion.

Bitcoins were marked at $2,120 each on the Bitsmap exchange in Europe at 08:45 BST, a more than $100 increase from last week's close and a more than 51% increase from the beginning of the month.

The gains followed news that Ledger Holdings, the parent company of the bitcoin options exchange LedgerX, said it had closed $11.4 million in new financing as it awaits approval from the Commodity Futures Trading Commission for the first U.S.-based trading and clearing house for the virtual currency.

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This article was written by a staff member of TheStreet.