Bitcoin surges past $60,000 for first time
IMAGE COPYRIGHT REUTERS Cryptocurrency Bitcoin has risen for the first time above $60,000 (£43,100), continuing its record-breaking run. Bitcoin - which has more than tripled in value since the end of last year - has been powered on by well-known companies adopting it as a method of payment. But some analysts said this latest surge came in part due to the huge US stimulus package approved this week. Bitcoin's total market value last month exceeded $1tn. However, Bitcoin has a track record of wild price swings and has fallen sharply a number of times since it was created in 2009. Bitcoin hits new record of $50,000 Man has two guesses to unlock bitcoin fortune Bitcoin consumes 'more electricity than Argentina' The recent spikes have been fuelled by big companies. In February, Elon Musk revealed that his electric carmaker Tesla had bought $1.5bn worth of Bitcoin and would be accepting it as payment for its cars in future. Mastercard also plans to accept certain cryptocurrenc...