Bitcoin (BTC-USD) approached all-time highs on Saturday, climbing back above the $60,000 (£43,768) threshold for the first time in almost a month.
The cryptocurrency, which has been up and down over the last few weeks, jumped to more than $61,000 before retreating slightly. It is currently 4.8% higher on the day at $60,820.
It came as Ethereum (ETH-USD), the second-largest cryptocurrency in the world by market cap, also hit a record, climbing to $2,190 for the first time in its history.
In late February, Bitcoin saw a retreat to as low as $43,000 amid uncertainty in the traditional markets over stimulus expectations and their positive effects on US bond yields.
The market value of all bitcoin in circulation hit $1trn for the first time earlier this year, data website CoinMarketCap revealed. In December it also soared past Visa (V) to make it the world’s largest financial service.
The cryptocurrency has been fuelled over the last 12 months by acceptance from mainstream investors and companies, such as Tesla (TSLA) and Mastercard (MA).