The virtual currency has risen by 640% in the past year. The total value of all cryptocurrencies is about $200 billion.

Photo credit: Reuters/Channel 2 News

The virtual currency Bitcoin has reached an all-time high, shooting past the $7,000 mark for  the first time on Thursday.

The current value of Bitcoin is ten times what it was last year. The total value of all Bitcoins is more than $124 billion. All cryptocurrencies together are worth about $200 billion.