Bitcoin rises above $14,000 on Bitstamp to record high

Bitcoin continued it surge to reach a record high of $14,047.40 on Thursday, a tremendous leap from its value of $1,000 at the beginning of the year.

The cryptocurrency was last up 2.94 percent at $14,030.00 at the Luxembourg-based Bitstamp exchange.

The day before, bitcoin, the red-hot cryptocurrency, continued its jaw-dropping tear, soaring above $13,000 per coin for the first time.

On Tuesday evening in New York, bitcoin broke through the $12,000 mark according to data from Markets Insider.