Bitcoin vaults above US$50,000 for first time ever


LONDON (Reuters) - Bitcoin rose above US$50,000 on Tuesday to a new record high, building on a rally fuelled by signs that the world's biggest cryptocurrency is gaining acceptance amongst mainstream investors.

Bitcoin hit a new high of US$50,602, and was last up 3.3% at US$49,537. It has risen around 72% so far this year, with most of the gains coming after electric carmaker Tesla said it had bought US$1.5 billion in bitcoin.

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