Unsurprisingly, they also don't agree on what the prior all-time high was back in November 2021, ranging from $68,990.90 on the low end from CoinDesk, to $69,044.77 on the high end from CoinGecko. There is also a high demand for Bitcoin and Ethereum (the world's second-largest cryptocurrency) as a sort of "safe-haven" for investments. "They are favoured by large investors concerned about a new wave of problems at US regional banks," said FxPro senior market analyst Alex Kuptsikevich. The latest price record came as the London Stock Exchange confirmed that it would begin accepting applications for bitcoin exchange-traded notes (ETNs) from next month. "Bitcoin has started the week with a surge, dragging the rest of the cryptocurrency space higher with it," DailyFX strategist Nick Cawley told Reuters, attributing this surge to the positive market sentiment surrounding Bitcoin.