REUTERS

The currency's price rose as much as 2.62% during the session, according to CoinDesk's Bitcoin Price Index (BPI) to hit a press time high of $2,019. By rising above $2,000, bitcoin's price has surged more than 100% this year and nearly 125% since hitting an annual low of $891.51 in late March, Coindesk reports.

Read alsoBitcoin, dash payments could soon cover 80% of Ukraine merchant terminalsOne development that has coincided with bitcoin's sharp price gains over the last several months is the rising interest of traders, as measured by trading volume at major exchanges.

Bitcoin prices have even been rising sharply in spite of the cryptocurrency's ongoing scaling dilemma, an ongoing issue with its transaction capacity that members of the bitcoin community have been trying to resolve.