The world’s biggest cryptocurrency, bitcoin, hit an all-time high price of $69,000 on Tuesday as US finance giants continued to pour billions into buying the digital coin, the BBC reported.
It passed a previous record set in November 2021, the story went on, but that peak was followed by a dramatic slump which saw bitcoin’s value sink to $16,500 by the following year.
Bitcoin’s value has spiked by more than 50% over the last month, according to cryptocurrency market data platform CoinMarketCap, and one analyst said its price could go even higher but warned that crypto was “notoriously volatile.”
Read the full story: BBC
- By Sean O’Meara
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