(Reuters) – , 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 (NYSE:), asset manager BlackRock Inc (NYSE:), credit card giant Mastercard Inc (NYSE:), backed cryptocurrencies, while those such as Tesla (NASDAQ:) Inc Square Inc (NYSE:) and MicroStrategy Inc invested in bitcoin.
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