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Bitcoin price surges to record high of more than $68,000
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theguardian.comThe bitcoin price has reached a new record high, breaking through $68,000 (£50,000), and analysts predict that the world’s best-known cryptocurrency will rise further in the coming weeks.
This beats the previous record high set in late October, when bitcoin reached nearly $67,700 before falling back again when investors discovered a new cryptocurrency, shiba inu. Other cryptocurrencies have also risen to record highs, such as ethereum, which soared to $4,837.
Bitcoin has always been volatile but remains the world’s largest digital currency, with a market value of more than $1.1tn. Five years ago, a single bitcoin was worth about $700. Investors are buying it because they are worried about rising inflation – as an alternative to gold, a
Read more on theguardian.comAbout this in other media
Analysts say Bitcoin price ‘dips are transitory,’ suggesting BTC will soon head to $75K cointelegraph.com /3 years ago
Record-high inflation prompts investors to take a closer look at Bitcoin cointelegraph.com /3 years ago
Bitcoin price briefly hits $69K ATH before plummeting back to Earth cointelegraph.com /3 years ago
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