Bitcoin has just jumped over and above the $7,000 mark to an incredible $7,450 price point following a series of events that sent the entire asset class to the stratosphere.

The price rose almost 10% in just under an hour following an outpouring of positive news for Bitcoin and cryptocurrencies. Elsewhere, coins like Ethereum, Litecoin, Ripple and Bitcoin cash have added 6%, 12%, 9% and 10% respectively in the past 24 hours -most of which came in an abrupt 30-minute surge in transaction volume, according to data from CoinMarketCap.

As a consequence of the whopping $600 price leap, Bitcoin added some $9 billion to its market cap in a matter of minutes.

For the first time in over a month, Bitcoin has had a massive influx following a week of uptrends and promising events.

Last week, it was revealed that famous American billionaire Steven A. Cohen joined the crypto bandwagon, investing in his private hedge fund that focuses on both blockchain technology and cryptocurrencies.

In addition, this week we saw the appointment of David Solomon as the new chief executive of US investment bank Goldman Sachs. Last month Soloman said Goldman is looking into expanding its Bitcoin and cryptocurrency services.

He will take over from current Goldman CEO Lloyd Blankfein in October.

Many Bitcoin enthusiasts are expecting the mainstream financial services industry to bet big on Bitcoin, which could in turn see the price rise back to levels last seen in December last year – and possibly even higher.

This comes as the Coinbase Vice President, Adam White, revealed that there is increased interest among institutional investors in the cryptocurrency space.

White said: “Institutional conversations have become more and more profound over the past year”.

He continued: “What’s so unique about cryptocurrencies, and in many ways this asset class, [is that it] was driven by retail investors – not institutions,” White said on “Fast Money”.

Commenting on the pre-requisites for big-game investors, White said: "What we’re seeing though, with institutions, is that they want absolutely the right regulatory structure around it”.