The price of bitcoin soared to a new three-year high on Monday, surpassing the $1,000 mark for the first time, in response to economic and geopolitical uncertainty in China following the U.S. presidential election. The price of bitcoin stood at more than $1,025 in late trading on Tuesday, after rising to nearly $1,030. The market cap was $16.49 billion, according to CoinDesk. The price of bitcoin last reached an all-time high in November 2013, when it traded at $1,163. The price of bitcoin is closely linked to events in the Chinese market.