<p>Bitcoin hit a new record price high on Wednesday, 20 October, prompting massive gains for Ethereum and the rest of the crypto market</p>

Bitcoin hit a new record price high on Wednesday, 20 October, prompting massive gains for Ethereum and the rest of the crypto market

Bitcoin price news – live: Crypto market drops again after all-time high as value of Ethereum also falls

All the latest cryptocurrency news, updates and analysis

Anthony Cuthbertson
Friday 22 October 2021 13:34
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Bitcoin surged to a record all-time high on Wednesday, following a weeks-long price rally .

The cryptocurrency is now up more than 50 per cent since the start of October, overtaking the market value of tech giants like Facebook and Tesla.

After breaking the $64,800 record reached in April, BTC continued to climb and was trading above $66,000 on Thursday morning. It marks a remarkable recovery for bitcoin, which crashed below $30,000 in July.

Other leading cryptocurrencies have also mirrored bitcoin’s gains, most notably Ethereum (ether) and Solana (SOL), which are both up more than 10 per cent over the last 24 hours. The price increases saw the overall crypto market cap also climb above its previous all-time high, reaching above $2.6 trillion.

Several prominent crypto analysts believe bitcoin is now on the second major leg of a bull run that will take it above $100,000 before the end of 2021, though others have warned another major crash could follow.

You can find all the latest news, analysis and expert price predictions in our live coverage of the crypto market.

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