Bitcoin zooms to record beyond US$72,000
Bitcoin raced to an all-time peak above US$72,000 on Monday as the world's most popular cryptocurrency won further support on greater trading accessibility and dollar weakness. The virtual unit struck US$72,234 as dealers also eyed an upcoming industry event that traditionally boosts bitcoin's price. Monday's spurt extended last week's record-breaking run when the currency bulldozed its way past the previous November 2021 pinnacle of US$68,991. Bitcoin won further support on Monday after Britain's Financial Conduct Authority watchdog said it would join US regulators by allowing the creation of crypto-related securities. US authorities earlier this year gave the green light to exchange-traded funds (ETFs) pegged to bitcoin's spot price, making it easier for mainstream investors to add the unit to their portfolio. (AFP)