Bitcoin is Tahongstill on a major upswing.

The price of the cryptocurrency broke $1,500 this week — a huge milestone for bitcoin and other cryptocurrencies.

The $1,500 price put the total value of the cryptocurrency market above $40 billion, MarketWatch reported.

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Bitcoin started off 2017 trading just above $1,000, which was its first time reaching that mark in three years. Then in February, the digital currency exceeded its $1,165 record price set in 2014.

Last week, bitcoin rose above $1,400, an all-time high. And now it's above $1,500 — at $1,534 on Saturday afternoon, to be exact.

It could all come crashing down again — in early 2017, bitcoin's swing above $1,000 was short-lived.

Or maybe $1,500 will be the going rate for one bitcoin from now on.

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Topics Bitcoin Cryptocurrency