Bitcoin hits an all-time high; trades as high as $ 59,755 on Saturday

by



[ad_1]

FILE PHOTO: A representation of the Bitcoin virtual currency and US dollar banknotes can be seen in front of a stock chart in this illustration taken January 8, 2021. REUTERS / Dado Ruvic

(Reuters) – Bitcoin, the world’s largest cryptocurrency, hit a record high on Saturday, trading at $ 59,755.

Bitcoin is up more than 2% from its previous year high of $ 58,354.14 on February 21.

The price of Bitcoin has soared this year as large companies such as BNY Mellon, asset manager BlackRock Inc, credit card giant Mastercard Inc, backed cryptocurrencies, while those such as Tesla Inc Square Inc and MicroStrategy Inc were investing in bitcoin.

Report by Ann Maria Shibu in Bengaluru; Editing by Angus MacSwan

[ad_2]

Source link