07 Mar 2024 - {{hitsCtrl.values.hits}}
BBC: The price of the world’s largest cryptocurrency, Bitcoin, briefly hit a new all-time high of more than US $ 69,000.
It surpassed the previous record set in November 2021 - though by 2022 Bitcoin’s value had sunk to US $ 16,500.
The new surge in price has been spurred by US finance giants pouring billions into buying bitcoins.
The cryptocurrency rose to around US $ 69,200 shortly after 15:00 GMT on Tuesday, before falling back. It was trading around US $ 62,185 by 21:00 GMT.
Bitcoin’s value has spiked by more than 50 percent over the last month, according to cryptocurrency market data platform CoinMarketCap.
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