Bitcoin broke through a new ceiling on Tuesday amid regulatory uncertainty and mounting criticism.
The price of the red-hot cryptocurrency soared passed $4,900 Tuesday afternoon to $4,926, an all-time high for the cryptocurrency, according to data from Bloomberg.
Other estimates put bitcoin's all-time high over $5,000, such as CoinDesk's index.
Bitcoin hit a record high of $4,921, according to data from Bloomberg, at the beginning of September, but quickly saw its price decline amid news of a crackdown in China and regulatory uncertainty around initial coin offerings, a cryptocurrency-based fundraising method. After bottoming out near $2,900 per coin on September 15, it has since rallied.
On Tuesday, Russian president Vladimir Putin added to the uncertainty, hinting at a possible cryptocurrency crackdown in Russia.
Putin's comments follow mounting criticism from some of Wall Street's most powerful players.
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