Bitcoin's price surpasses $60,000 for the first time

Bitcoin's price crossed the $60,000 mark for the first time on Saturday.

According to Coinbase data, the price hit $60,415.34, up roughly 7.7% percent in the past 24 hours. The cryptocurrency is currently trading hands at about $59,810 on the U.S.-based exchange.

Data from TradingView shows that the price reached $60,419 on Bitstamp, $60,499 on Bitfinex and $60,420 on OKCoin.

The price of bitcoin crossed the $50,000 line for the first time in mid-February.