Bitcoin hits $60,000 in record high

Bitcoin, the world's biggest cryptocurrency, on Saturday crossed a record high of $60,000.

Bitcoin is up more than 2pc from its previous year high of $58,354.14 on Feb 21.

The cryptocurrency'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.