Bitcoin rose past $60,000 to approach record highs on the weekend. According to Yahoo! Finance, the surge was fueled by talks of constrained new supplies against evidence of broader adoption.
Bitcoin rose to $61,222.22 on Saturday, its highest in almost a month.
The biggest cryptocurrency by market capitalization hit a record $61,781.83 after President Joe Biden signed the $1.9 trillion fiscal stimulus package into law.
Bitcoin is now up 116% from a year’s low of $27,734 on January 4, driven by its mainstream acceptance as an investment and means of payment.
Bitcoin is currently declining. BTCUSD is down 0.11%
