Bitcoin hits another record above $64,000

Bitcoin hits another record above $64,000

Bitcoin's price reached another all-time high on Wednesday, touching $64,717.01, ahead of Coinbase's historic stock market listing in New York.

Bitcoin, which has been up and down over the last few weeks, crossed $64,000 on Wednesday and at the time of writing was 6% higher to $64,585.594. Just yesterday, it had crossed the $63,000 mark for the first time.

The rally has come in anticipation of cryptocurrency exchange Coinbase's hotly tipped U.S. stock market listing, Yahoo reported.

Yesterday, ethereum, the world's second biggest cryptocurrency, continued its multi-month rally to cross $2,200. At the time of writing, it was up 9% to $2,389.39.