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(Reuters) – Bitcoin continued to gain on Sunday, hitting a new high and extending a two-month rally that took its market cap above $ 1 trillion on Friday.
The world’s most popular cryptocurrency hit a record high of $ 58,354, taking its weekly gain to around 20%. It has jumped about 100% this year.
Bitcoin’s gains have been fueled by evidence that it is increasingly accepted by mainstream investors and businesses, such as Tesla Inc, Mastercard Inc, and BNY Mellon.
Reporting by Megan Davies in New York; Editing by Daniel Wallis
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