independent– Bitcoin is closing in on its all-time high after surging in price nearly 50 per cent since the start of October.
The cryptocurrency reached above $62,000 on Monday morning, less than $2,000 away from the record high it reached in April.
Following this all-time high, bitcoin suffered a major price crash that saw it tumble below $30,000 in July.
A succession of positive news, including El Salvador adopting it as a legal form of currency in September, has seen bitcoin more than double in price since then.
The latest price rally follows the announcement of the first ever bitcoin futures exchange-traded fund (ETF), which will launch this week on the New York Stock Exchange.