The digital currency was trading up 3.3% to $ 54,206 amid a
largely favorable risk rally, climbing to a record high of $ 58,354.14 seen on
February 21.
Bitcoin has risen by around 87% this year, vastly
outperforming conventional asset classes, in part due to wider acceptance as a
payment method.
On Tuesday, the Bitcoin surge fueled gains in related
stocks, pushing the shares of cryptocurrency miners Riot Blockchain and
Marathon Digital Holdings up 28% and 22% respectively.
In recent weeks, companies have used the strength of bitcoin
to raise hundreds of millions of dollars in funding, capitalizing on improving
market sentiment.
Bitcoin bank Silvergate Capital on Tuesday launched a $ 300
million scheme to sell shares, less than
two months after raising equity, while business intelligence software firm
MicroStrategy recently issued notes to fund more bitcoin purchases.
© Reuters