Bitcoin hits fresh high

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The world’s most popular cryptocurrency continued to gain on Sunday.

Bitcoin rises to a fresh high and extending a two-month rally that took its market capitalisation to more than $1 trillion on Friday.

Bitcoin rose to a record $58,354, taking its weekly gain to around 20% and it has surged around 100% this year.

At this point, bitcoin was up more than 90% in 2021, having opened the year at roughly $28,900, CoinDesk figures show.

Bitcoin’s gains have been fueled by its gaining acceptance among mainstream companies and investors such as Mastercard Inc, Tesla and BNY Mellon.


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