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

(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.

(Reporting by Ann Maria Shibu in Bengaluru; Editing by Angus MacSwan)

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Written by Gilly

I am a Ghana-based freelance Journalist fascinated in the Music Industry, Experienced Blogger with a demonstrated history of working in the music industry. Skilled in Music Publishing, Event Planning likewise Event Management. Strong media and communication professional with a Master of Arts (MA) focused on Management Information Systems.

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