Bitcoin hits $31,000 milestone

The world's most popular cryptocurrency, Bitcoin, spiked over $31,000 on Saturday, rallying over 4% to yet another record high within hours after hitting the $30,000 psychological watershed, trading data shows.

According to CoinMarketCap website, which calculates the average of more than 20 exchanges, the cryptocurrency was trading up 4% at $31,180. It later dipped back to $30,834 as of 13:38 GMT.

Bitcoin's previous all-time high was reached in December 2020 at $28,000.

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