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Bitcoin hits record high, trades as high as $59,755 on Saturday

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



By Reuters

Published: Sat 13 Mar 2021, 3:43 PM

Bitcoin, the world’s biggest cryptocurrency, on Saturday reached a record high, trading up to $59,755.

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

Photo: Reuters
Photo: Reuters

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