Opinion
Bitcoin mania is in full swing – with no end in sight
The cryptocurrency was trading at just $US16,000 at the depths of a crisis brought on by the FTX collapse. It set a fresh high early on Wednesday morning.
Karen MaleyColumnistBitcoin’s nerve-jarring volatility shows little sign of abating, with the world’s largest cryptocurrency briefly soaring to a fresh record high of $US69,200 ($106,462) in the early hours of Wednesday (AEDT).
But this set the scene for a sharp reversal, with bitcoin’s price plunging to $US62,182 hours later, leaving it below its previous high of $US68,990 set in November 2021.
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