Bitcoin price surges to record high of more than $68,000

Other cryptocurrencies such as ethereum also reach records as investors hedge against inflation

The bitcoin price has reached a new record high, breaking through $68,000 (50,000), and 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.