Bitcoin on Tuesday briefly traded at above $69,000, breaking the all-time record set by the cryptocurrency in 2021.
Bitcoin was up 3% over the past 24 hours, 59% over the past month, and a whopping 202% over the past year.
The milestone is a big boost for the crypto industry, which has rebounded from the lows it plumbed during the FTX scandal in late 2022, when bitcoin was only trading at about $16,000. The current rise equates to returns of about 340% for investors who bought the dip back in 2022.
Bitcoin surged to new record high in a major boost for cryptocurrency space. An advertisement for the cryptocurrency Bitcoin displayed on a tram, in Hong Kong. (AP Photo/Kin Cheung, File)
The rally builds upon what was a very solid 2023 for investors in the digital asset space. Last year, bitcoin rose by about 150%, starting 2023 at
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