Bitcoin value surges past $26,000 to set all-time record high

Moscow: Bitcoin, the world's most popular cryptocurrency, has surged past the US$26,000 level to set an all-time record high, according to trading data.

On Binance, the largest cryptocurrency exchange by trading volume, Bitcoin was trading at US$26,286.74, as of 20:45GMT on Saturday.

According to CoinMarketCap, an aggregator that compiles data from more than 20 brokers, Bitcoin was trading at US$26,270.96 as of 20:47GMT, a rise of 7.36 per cent over the preceding 24 hours.