Greater adoption of crypto assets by payments companies recently may be helping to support a surge in bitcoin prices toward an all-time high.

At last check, the world’s most popular crypto was changing hands at around $58,868 on CoinDesk, up by about 2%. So far this year, bitoin BTCUSD, +1.68% has risen over a 100% and has gained over 27% in March. By comparison, the Dow Jones Industrial Average DJIA, +1.13% is up 7% and the S&P 500 SPX, +1.44% has gained 4% in the month to date.