Bitcoin hit a record of $62,575 on Tuesday, extending its 2021 rally to new heights just a day before the listing of Coinbase shares, making it the largest U.S. cryptocurrency exchange’s listing on the Nasdaq.
The world's biggest cryptocurrency has more than doubled in price this year amid growing mainstream acceptance as an investment and a means of payment, and as investors seek high-yielding assets amid low interest rates.
Major firms including BNY Mellon, Mastercard Inc and Tesla Inc are among those to have embraced or invested in cryptocurrencies.
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