The Courier-Mail

Bitcoin hits record high

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BITCOIN hit a record high above $62,000 as the cryptocurr­ency exchange Coinbase prepares to launch shares on Wall Street.

Bitcoin reached $62,377, a huge gain of 114 per cent since the start of the year. After crashing in 2018, the value of bitcoin rebounded and it has set records since late last year, rocketing from around $12,000 in October to more than $60,000 a month ago.

Estimates of Coinbase’s value vary depending on how it is calculated, but its capitalisa­tion is expected to range from $70 to $100bn.

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