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Bitcoin reaches an all-time high of $62,575

INDIA: On Tuesday, Bitcoin reaches all-time high of $62,575, expanding its 2021 rally to new heights.

The price of the world’s largest cryptocurrency has more than doubled this year, owing to increasing mainstream acceptance as an investment and a form of payment, as well as investors seeking high-yielding assets in an environment of low-interest rates.

BNY Mellon, Mastercard Inc, and Tesla Inc are among the major companies that have adopted or invested in cryptocurrencies.

source : The Economic Times

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