World's most popular crypto Bitcoin within a whisker of $50,000

Bitcoin hit a new record high $60 shy of $50,000 on Tuesday, extending a sharp rally that has been mostly fuelled by big investors beginning to take digital assets seriously. The first and most famous cryptocurrency, bitcoin hit $49,938 and has gained roughly 70% this year, most of that after electric carmaker Tesla said it bought $1.

5 billion in bitcoin and would accept the currency as payment. Tesla's move was the latest in a string of large investments that have vaulted bitcoin from the fringes of finance to company balance.

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