Bitcoin hits new record high above $70,000; vinyl returns to UK inflation basket business live

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From 3h ago 03.55 EDT Bitcoin at new record high Good morning, and welcome to our live coverage of business, economics and financial markets. Bitcoin went through a deep “crypto winter” after hitting its previous heights, but after a remarkable rally it is now hitting new heights above $71,000. The cryptocurrency on Monday morning UK time hit a record of $71,209, adding further to a rally from less than $16,000 in late 2022. The price of bitcoin had surged to a record of $68,550 in November 2021 amid euphoria from retail investors – many of whom had received money to...