Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Bitcoin, the oldest and biggest cryptocurrency, hit a new record high of $68,564 on the Bitstamp exchange at 3:58 a.m. UTC.
It is up 11.73% since the start of November after logging a 42.26% price increase in October.
The flagship coin is now worth $1.289 trillion, and it's on the verge of surpassing the market cap of silver.
The crypto king touched $67,000 for the first time on Oct. 20, the day after ProShares's "BITO" exchange-traded fund launched in the U.S.
After enduring a 15% correction, Bitcoin swiftly recovered from the drop.
The most recent surge comes after Digital Currency Group CEO Barry Silbert teased "a big week" for the cryptocurrency market.
Denys Serhiichuk
Godfrey Benjamin
