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Bitcoin hit a new high and approached $ 50,000 on Sunday, enjoying a record high after Wall Street and Main Street increasingly embraced the world’s largest cryptocurrency.
The price of Bitcoin hit $ 48,700 on Sunday morning, up more than 3%. It traded up to $ 49,714 earlier today. The value of the cryptocurrency has so far increased by almost 70%.
After a long period of traditional financial firms shunning this currency, it seems Bitcoin and other virtual currencies are increasingly entering the mainstream as a routine asset and payment method.
BNY Mellon Bank said last week it had set up a new unit to help customers retain, transfer and issue digital assets, just days after Elon Musk’s Tesla Corporation unveiled an investment in about $ 1.5 billion in cryptocurrency and that she would accept soon. get paid as a form of buying their cars.
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