Bitcoin breaches US$50,000 for the first time

Bitcoin’s price broke above US$50,000 for the first time in history Tuesday, continuing its blistering rally as major companies appear to be warming to cryptocurrencies, CNBC reports.

The world’s largest digital currency by market valuable climbed by more than 3 percent to an all-time high of US$50,389 at 07:32 a.m. eastern time, according to data from Coin Metrics.

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