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

Reuters2021-03-13

March 13 (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)

((AnnMaria.Shibu@thomsonreuters.com; +1 646 223 8780; + 91 80 6749 2795;))

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