The price of the world’s largest cryptocurrency, Bitcoin, has hit a new all-time high of more than $69,000.
It surpasses the previous record set in November 2021, and comes as a result of US finance giants pouring billions into buying bitcoins.
But, while some experts say its price could go higher still, they warned that crypto was “notoriously volatile”.
Earlier this year, US regulators approved several spot Bitcoin Exchange-Traded Funds (ETFs), which allowed giant investment firms like Blackrock, Fidelity and Grayscale to sell products based on the price of Bitcoin – which in turn has driven up its value.
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