Bitcoin hit a record high on 5 March, with the cryptocurrency surpassing $69,000, marking a dramatic comeback for digital assets following a tumultuous stretch of more than two years.

The rally saw bitcoin, the world’s largest crypto by market cap, last up 2.5% to $67,891 on 5 March, after trading as high as $69,208 at one point, according to CoinDesk data. That surpassed its previous peak at $68,990.90 set on 10 November, 2021. Bitcoin’s price has surged 48% year to date and it’s up 187% over the past 12 months.