Bitcoin tops $50,000 for the first time

FILE PHOTO Representation of the bitcoin virtual currency standing on the PC motherboard is seen in this illustration picture February 3 2018. REUTERSDado RuvicIllustrationFile Photo

FILE PHOTO: Representation of the bitcoin virtual currency standing on the PC motherboard is seen in this illustration picture, February 3, 2018. REUTERS/Dado Ruvic/Illustration/File Photo

LONDON (Reuters) - Bitcoin rose above $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.

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