Meanwhile Ethereum, XRP and Cardano have seen surges over the past 24 hours.

Ethereum sits at $2,585.38 (£1,826.18), a 35.82 percent increase, XRP at $0.882416 (£0.62), a 26.87 percent increase and Cardano at $1.53 (£1.08) a 33.27 percent increase in the last 24 hours.

Meanwhile, Bitcoin Cash (BCH) has seen a surge of 31.08 percent in the past 24 hours.

BCH was at $669.25 (£472.72) with a $12.54 billion (£8.86 billion) market cap at the time of writing.