Bitcoin’s price broke above $50,000 for the first time in history on Tuesday, continuing its impressive rally as major companies appear to be warming up to cryptocurrencies.
The world’s largest digital currency by market value rose more than 3% to an all-time high of $50,487 at about 7:30 a.m. ET, according to data from Coin Metrics. It later fell below the mark, trading 0.2% higher at a price of $48,760.
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