Bitcoin, the leading cryptocurrency by market capitalization, reached a new local high of $105,976 earlier this Sunday on the Bitstamp exchange. 

After giving up some gains, the flagship cryptocurrency is currently changing hands at $104,619. 

As noted by Bitwise CEO Teddy Fusaro, Bitcoin has now managed to surpass the previous local high of $105,787 on May 12. 

As reported by U.Today, Robert Kiyosaki, the author of “Rich Dad Poor Dad,” recently predicted that the leading cryptocurrency could surge to $250,000 this year. 

At press time, Bitcoin is less than 5% away from reclaiming its record high.