What cryptocurrencies have soared to record highs?

Other cryptocurrencies have also risen to record highs, such as ethereum, which soared to $4,837. Bitcoin has always been volatile but remains the world’s largest digital currency, with a market value of more than $1.1tn. Five years ago, a single bitcoin was worth about $700.

Why is bitcoin on the rise?

The rise is part of a broad cryptocurrency boom inspired by the continued rise in bitcoin's price. Last month, bitcoin rose above $20,000, smashing its previous all-time record of around $19,500. Since then, it has continued to rise, breaking above $30,000 in recent days.

What is the price of bitcoin?

The bitcoin price has reached a new record high, breaking through $68,000 (£50,000), and analysts predict that the world’s best-known cryptocurrency will rise further in the coming weeks.

Why is ether the most valuable cryptocurrency in the world?

Ether, the native currency of the Ethereum network and the second most valuable cryptocurrency, has soared above $1,000 for the first time since 2018. The rise is part of a broad cryptocurrency boom inspired by the continued rise in bitcoin's price.