The world’s most famous cryptocurrency topped $35,000 late Tuesday, setting a new all-time high as part of an extended upswing. Bitcoin hit $35,868.69 at 11:25 p.m. before falling about $2,000 about five hours later. As of 7:30 a.m. on Wednesday, the price had jumped back to $34,997.96. Bitcoin is a form of currency that was established in 2009. Using a decentralized form of verification that relies on nodes distributed around the world, the system records all transactions in a ledger that can be viewed publicly. Bitcoin is the most famous cryptocurrency. Cryptocurrencies are digital assets used to purchase goods and services that are secured by cryptography, making it difficult to forge transactions and enabling widespread adoption. Users can hold bitcoin, or portions of a bitcoin, online on exchanges, on their computers, or on so-called wallets offline. Derided by mainstream economists and investors for years, bitcoin has increasingly won over larger …