The currency rose 11 per cent to US$11,022 in New York bringing its increase to 57 per cent since February 6.
The bitcoin crash in January wiping about half a trillion dollars seems to be over.
Some 1,500 cryptocurrencies tracked by CoinMarketCap lost their market cap during the crash.
“The future success of cryptocurrencies largely depends on the coordinated approach of global regulators.
“Policymakers will have to regulate and enhance market participants’ confidence in these instruments,” says CoinMarketCap.
Among the banks S&P rates, “exposure to cryptocurrencies appears to remain limited,” it added.