Reddit aims for $6bn stock float; bitcoin at new record high – as it happened

Live, rolling coverage of business, economics and financial markets as exchange-traded funds help bitcoin rally above $71,800

The biggest European stock markets are all in negative territory (with the smaller exception of Switzerland).

The FTSE 100 in London is down by 0.4%, with mining companies the biggest losers.

The FCA continues to remind people that cryptoassets are high risk and largely unregulated. Those who invest should be prepared to lose all their money.