Cryptocurrencies
Bitcoin Extends Its Rally to an All-Time High Close to $50,000
- Largest cryptocurrency is up fivefold over the past year
- Token has outperformed assets like stocks, gold, commodities
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Bitcoin reached another record, coming ever closer to $50,000, as the world’s largest cryptocurrency extends its breathtaking rally.
The token climbed as much as 3.6% to $49,913 in Asian trading Tuesday, according to a composite of prices compiled by Bloomberg. Prices fell back later in the session and were last trading around $49,000.