Bitcoin is trading at all-time highs, surging beyond £93,000 for the first time.

The world's biggest cryptocurrency has doubled in value over the past 12 months - buoyed by Donald Trump's return to the White House .

However, its 10% surge over the past week is down to one specific factor: the US government shutdown .

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US government shuts down

Experts have told Sky News that the drama unfolding in Washington is undermining trust in the dollar - and pushing investors to alternatives.

Bitwise senior associate Max Shannon said stubbornly high inflation, which erodes spending power, is another factor.

Some countries are also increasing their monetary supply - watering down the value of cash in circulation -

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