Bitcoin’s price is rallying, surpassing the $8,000 for the first time this year. According to CoinMarketCap, the digital currency last stood at around $8,000 in July last year. It comes after the world’s most famous cryptocurrency reached a new yearly high, pushing past $5,600 earlier this month. It’s difficult to ascertain what has caused Bitcoin‘s price to surge in recent weeks, but as always speculation has been rife.