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Bitcoin Hits Another Record and Leaves Other Asset Classes Trailing

  • Cryptocurrency has surged more than 11-fold in the last year
  • Bitcoin traded for a few cents after its debut in 2010
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Bitcoin Hits $60,000 for First Time
Updated on

Bitcoin topped $60,000 for the first time as the stimulus-fueled rally of the past year prompts investors to ignore signs of a speculative fervor.

The original cryptocurrency was at $61,080 as of 5:35 p.m. New York time, bouncing back from a rout at the end of February following a previous peak set that month. It’s benefiting from optimism in financial markets after President Joe Biden signed the $1.9 trillion pandemic-relief bill into law.