The new record beats the previous record high set in late October when bitcoin reached nearly $67,700.

Bitcoin has posted a new record after breaking through $68,000 (£50,000) before currently settling at over $67,800.99. 

This comes as analysts predict that the world’s best-known cryptocurrency will rise further in the coming weeks. 

This beats the previous record high set in late October, when bitcoin reached nearly $67,700 before falling back again when investors discovered a new cryptocurrency, shiba inu. 

Other cryptocurrencies have also risen to record highs, such as ethereum, which soared to $4,837.