A day after reaching the $10,000 mark for the first time in more than a year, the price of bitcoin briefly surged above $11,000 on Saturday.

Bitcoin BTCUSD, -0.04% shot up 7%, topping $11,100 in Saturday morning trading, according to CoinDesk, its highest level since March 2018. The price fell about $500 in the afternoon, then bounced back again, and was last around $10,900 as of 10:30 p.m. Eastern.