Bitcoin hits $60,000 in record high

Cryptocurrency Bitcoin hit $60,000 in record high on Saturday, outperforming conventional asset classes.

Bitcoin, the world’s biggest cryptocurrency, on Saturday crossed a record high of $60,000. Bitcoin has risen sharply this year, broadly outperforming conventional asset classes, partly due to broader acceptance as a form of payment. In recent weeks, companies have taken advantage of its strength to raise hundreds of millions of dollars in funding, capitalizing on improved market sentiment.