Bitcoin has surged once again over the weekend, taking its price above $51,000 on Monday morning.
The latest gains have been mirrored by other leading cryptocurrencies, including Ethereum ( ether) and Cardano (ada), which are both trading close to record highs.
The overall crypto market is now worth more than $2.35 trillion, marking the highest point since May, and just $150 billion away from the record highs it experienced earlier this year.
Some analysts have forecast a second leg of the bull run that took BTC to an all-time high in mid April of $64,000.
One price prediction from pseudonymous Dutch analyst PlanB puts bitcoin on a trajectory towards $100k+ before the end of 2021, however less positive forecasts claim that the cryptocurrency is in the middle of a so-called “dead cat bounce” that will result in new yearly lows below $20k.