THE price of bitcoin has hit a record high as interest in cryptocurrencies continues to boom.
Bitcoin has soared above $62,000 (£45,000) for the first time, according to CoinMarketCap’s price index.
The latest surge means bitcoin has more than doubled in price in the last year and comes as digital currencies become more mainstream.
Well known companies such as PayPal, Facebook, Tesla and Square are among those backing the cryptocurrency in recent months.
Paypal said that it will let users buy and sell bitcoin for the first time – and even use it to make purchases.
But there have also been warnings around scams related to cryptocurrencies, and prices are volatile.
www.thesun.co.uk/money/14632957/bitcoin-price-hits-all-time-high-cryptocurrency-soars/