The global crypto market cap is now $2.37 trillion (£1.73tn), overtaking the $2.33tn market cap of Apple. The resurgence of Bitcoin has sparked fears for the market collapsing but experts say the finance industry is robust enough.
Largely unregulated cryptoassets have grown by 200 percent this year, from just under $800 billion to $2.3 trillion. The world’s most valuable cryptocurrency hit a new five-month high this week, reaching above $58,000 to close in on its record all-time high of $64,000.