Bitcoin hits record high; trades as high as $59,755 on Saturday
Bitcoin is up more than 2% from its previous year high of $58,354.14
Representations of virtual currency Bitcoin are seen in this picture illustration Photo: REUTERS
Bitcoin, the world's biggest cryptocurrency, on Saturday reached a record high, trading up to $59,755.
Bitcoin is up more than 2% from its previous year high of $58,354.14 on Feb. 21.
Bitcoin's price soared this year as major firms, 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 invested in bitcoin.
