Bitcoin hits fresh high
The world’s most popular cryptocurrency rose to a record $58,354, taking its weekly gain to around 20%
Representations of virtual currency Bitcoin are seen in this picture illustration Photo: REUTERS
Bitcoin continued gaining on Sunday, rising to a fresh high and extending a two-month rally that took its market capitalization above $1 trillion on Friday.
The world's most popular cryptocurrency rose to a record $58,354, taking its weekly gain to around 20%. It has surged around 100% this year.
Bitcoin's gains have been fueled by evidence it is gaining acceptance among mainstream investors and companies, such as Tesla Inc, Mastercard Inc and BNY Mellon.
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