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A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken March 15, 2021. Dado Ruvic, Reuters/Illustration/File Photo
LONDON - Bitcoin hit a record of $62,575 on Tuesday, extending its 2021 rally to new heights.
The world's biggest cryptocurrency has more than doubled in price this year amid growing mainstream acceptance as an investment and a means of payment, and as investors seek high-yielding assets amid low interest rates.
Major firms including BNY Mellon, Mastercard Inc., and Tesla Inc are among those to have embraced or invested in cryptocurrencies.
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