Bitcoin price hits new record high
The IndependentSign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Bitcoin has hit a new record high following an astonishing price recovery that has seen it triple in value over the last 12 months. View more The decrease in supply as a result of the halving, coupled with the increased demand from institutional investors, was expected to push bitcoin to new record highs. “If the pace of Bitcoin issuance slows while demand either remains steady or increases, the effect on price can be substantial,” Duncan Ash, head of product stratefy at blockchain protection firm Coincover, told The Independent. “If the next halving follows the same pattern, we can expect continued growth in Bitcoin’s price during the months ahead.” Other leading cryptocurrencies, including Ethereum, Cardano and Solana, have seen significant price gains in recent days, with the overall crypto market swelling to more than $2.5 trillion.