Representation of the virtual currency Bitcoin is seen on a motherboard in this picture illustration taken April 24, 2020.
Dado Ruvic | Reuters
Bitcoin crossed a record high of $60,000 on Saturday morning, continuing its rally as major companies and financial institutions adopt cryptocurrencies.
The digital currency is up 963% over the last 12 months, according to Coinbase. Its value surpassed $1 trillion last week for the second time this year.
Bitcoin’s rally is driven partly by increased…