News > Bitcoin Crosses $60,000 for First Time

Bitcoin Crosses $60,000 for First Time

Evening Standard | 13/03/2021 08:10 PM | Click to read full article

Bitcoin briefly rose above $60,000 (roughly Rs. 43.7 lakhs) for the first time on Saturday, as increasing backing from corporate heavyweights helps the world’s most popular virtual currency continue its record-breaking run.

Bitcoin has been on a meteoric rise since March last year, when it stood at $5,000, spurred by online payments giant PayPal saying it would allow account holders to use cryptocurrency.