Exactly one month after hitting its last all-time high, bitcoin has once again reached new heights by climbing above $63,000 for the first time in its history.
Ethereum, the world’s second most valuable cryptocurrency, also saw new record highs on Tuesday, while several others experienced similar price surges.
The gains pushed the overall cryptocurrency market above $2 trillion (£1.45tn) – more valuable than Facebook and Tesla combined – with some analysts predicting that the price rallies are far from over.
But with popular payments platforms like PayPal and Visa integrating crypto payments, as well as major technical innovation to bitcoin's own network, the price is just one part of a far broader narrative involving the disruption of the entire financial industry.
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The beginning of this latest bull run can be traced back to last March, when the full implications of the coronavirus pandemic first began to be realised.