FILE PHOTO: Representations of virtual currency Bitcoin and U.S. dollar banknotes are seen in this picture illustration
* Bitcoin, the world’s biggest cryptocurrency, was at $60,415.34 as of 7:25 a.m. ET, according to Coinbase.
* The digital currency is up over 80% this year and 570% higher over the last 12 months.
Its value surpassed $1 trillion last week for the second time.
Bitcoin crossed a record high of $60,000 on Saturday morning, continuing its rally as major companies and financial institutions adopt cryptocurrencies.
Bitcoin, the world’s biggest cryptocurrency, was at $60,415.34 as of 7:25 a.m. ET, according to Coinbase, recovering from a dip at the end of February that followed a previous record high that month.
The digital currency is up 963% over the last 12 months, according to Coinbase. Its value surpassed $1 trillion last week for the second time this year.
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Update #1: Bitcoin hits $60,000 in record high -- Reuters
Update #2: Bitcoin Spikes to New Record High Over $61K -- Coin Desk
WNU Editor: Unbelievable. A virtual currency is now worth $1 trillion. We are definitely living in interesting times.