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16 Feb 11:53pm

Bitcoin surges through key $50,000 level in European trading

The Guardian
Cryptocurrency value up 75% since start of year spurred by prominent business people Bitcoin soared through the key $50,000 level on Tuesday for the first time as the growing acceptance of the world’s biggest cryptocurrency among large banks and investment funds continued to draw in mainstream investors. After a meteoric rise in which its value increased by 75% since the start of the year, the currency hit $50,547.70 (£36,320) per coin in European trading at around 12.35 GMT.
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