What’s behind crypto’s record-breaking rally – and how high could it go?
The price of bitcoin has hit a new all-time high, reaching above $118,000 (£87,000) for the first time in its history.
The latest rally comes despite global economic and geopolitical uncertainty, leading to speculation that investors are increasingly viewing the world’s most valuable cryptocurrency as a safe-haven asset like gold.
So what caused this shift in attitude, and where will bitcoin’s record-breaking rally go from here?
Market momentum has been building since Donald Trump’s “Liberation Day” announcement on 2 April, when the US president unveiled a broad package of tariffs.
While global stock markets slumped, bitcoin began an upwards trend that took it from around $70,000 to today’s prices.
It…
