After days of sharp increases, the price of one Bitcoin peaked early on Wednesday afternoon at $60,650.
It was nearly at the all-time high of $67,707 that was set on November 9, 2021, the day that the epidemic caused many individuals to turn to digital assets.
Following a price crash in late 2022, Bitcoin has had a recovery, largely because of new US products called exchange traded funds (ETFs) that let investors watch the value of the cryptocurrency without really holding any of it.
Bitcoin has increased by 20% since Saturday and by 42% since 2024 started. Since November 2021, the most recent highs have not been observed.
Known for their volatility, data from the Financial Conduct Authority of the United Kingdom indicates that about five million Britons have invested in cryptocurrencies; yet, 45 percent of them had a loss in the year ending in April 2022.
