Bitcoin has hit an all-time high less than two years after the collapse of the crypto exchange FTX severely damaged faith in digital currencies and sent prices plunging.
Bitcoin has hit an all-time high less than two years after the collapse of the crypto exchange FTX severely damaged faith in digital currencies and sent prices plunging.
The world’s largest cryptocurrency briefly surpassed $68,800 Tuesday, according to CoinMarketCap. That’s just above bitcoin’s previous record set back in November 2021.
The price for the volatile asset is up almost 200% from one year ago, fueled by the anticipation and eventual regulatory approval of spot bitcoin exchange traded funds earlier this year, which provided access to a much broader class of investors.
