Bitcoin hits all-time high as Mastercard, BNY Mellon support crypto

Bitcoin jumped to an all-time high of nearly $49,000 on Thursday after Bank of New York (BNY) Mellon and Mastercard moved to support cryptocurrencies. BNY Mellon announced that it'll hold, transfer and issue cryptocurrencies while Mastercard said it will allow customers to transact in select cryptocurrencies on its network. The largest cryptocurrency has surged over 60% so far in 2021.