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Bitcoin crosses $50,000 for first time

World’s oldest crypto-currency Bitcoin has crossed the $50,000 mark for the first time on Tuesday, nearly a decade after the it hit the $1 mark on 9 February 2011.

Companies such as Tesla, MasterCard, PayPal, MicroStrategy and Apple recently started accepting payments in bitcoins.

The digital currency hit a record $50,350.06 before paring some of the gains to trade at $49,425.17, up 3.6% at around 8.50pm IST on Tuesday.

 

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