Bitcoin at all-time high for 2nd consecutive day, traders eye $110,000 mark

Bitcoin reached an all-time high for a second consecutive day, with traders eyeing the $110,000 price level.

The original cryptocurrency rose as much as 2.1 per cent to $108,315 on Tuesday, before retreating back to its price at the start of the day around $106,000. It has surged more than 150 per cent this year, and traders are increasing bets for further gains in the options market.