Bitcoin breaks above $35,000 to touch new high

Foreign currency banknotes are placed on a basket for counting during a photo opportunity at the bank's headquarters in Seoul November 9, 2010. REUTERS/Jo Yong-Hak

(Reuters) – Bitcoin traded above $35,000 for the first time in Asia on Wednesday, rising to a high of $35,879 and extending a rally that has seen the digital currency rise more than 800% since mid-March.

The world’s most popular cryptocurrency crossed $20,000 for the first time ever on Dec. 16.