Bitcoins value reached an all-time high on Sunday when their value surged up to $34,000.
The rise was short-lived, however, as the price had decreased to $33,000 by 1700 GMT. The rise was put down due to the interest of big investors to make quick profits.
All this came after Bitcoin’s 300% soar last year, while it was competing with many other digital currencies that are also doing well.
Analysts however think that Bitcoin’s value could rise even further as the US dollar continues to drop.