Bitcoin hits new record high

By Zach Halaschak

Published October 20, 2021 1:44pm ET

Bitcoin hits new record high — Cryptocurrency and blockchain technology has been incubating for years and other countries around the world have been quick to see the potential. But Americans — and the U.S. regulatory and national security system — have been much slower to understand and react to the rise of the new currency. (AP Photo/Kin Cheung) | Kin Cheung

Cryptocurrency enthusiasts are celebrating after Bitcoin hit a record high.

Bitcoin is worth more now than any time in its history, soaring to above $65,000 on Wednesday. The new high surpassed the cryptocurrency’s previous record of $64,895, which was set in April before regulatory jitters drove down its value.

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