Bitcoin’s steady stream of good news continues this week.

Despite not having any real catalyst, the digital currency is advancing towards record territory. Data from CoinDesk’s Bitcoin Price Index (BPI) showed that bitcoin’s market average has already hit $2,911.86 during early Tuesday morning’s trading, surpassing the all-time high of $2,760.10 recorded in late May.

The price of the cryptocurrency also hit a high of $2,929.38 on the CEX.IO exchange. Bitcoin’s trading price on Bitstamp reached a high of $2,877.47—lower than the other two exchanges but still well above the digital currency’s best record in May.

Bitcoin’s rally appears to be a continuation of the gains that developed last week, when China’s Big 3 exchanges—OKCoin, Huobi and BTCC—resumed cryptocurrency withdrawals on their respective platforms.