Cryptocurrencies
Bitcoin Jumps to $50,000 as Record-Breaking Rally Accelerates
- MicroStrategy to sell more convertible debt to buy of the coin
- Morgan Stanley is considering Bitcoin for investment fund
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Bitcoin blew through another milestone, surging past $50,000 for the first time as the blistering rally in the largest cryptocurrency continues to captivate investors worldwide.
The world’s largest cryptocurrency jumped as much as 4.9% to $50,548 and is now up about 70% so far this year. Bitcoin pared its gain after setting the record high. Ether, a rival crypto, hit a record on Friday and is up about 140% year-to-date.