Bitcoin Nears $50,000 as It Hits a Record in Weekend Action
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Bitcoin reached a new record on Sunday, rising above $49,000 for the first time.
The world’s largest cryptocurrency reached about $49,694 earlier in the day, before paring gains to around $48,904 as of 10:10 a.m. in New York. It’s now up almost 70% so far this year. Rival cryptocurrency Ether hit a record on Saturday and is up about 150% year-to-date.