Bitcoin Hits Fresh Record High Of $11,850

London: Bitcoin powered to a record high of $11,850 on Tuesday, continuing its surge from below $1,000 at the start of the year. Last week, bitcoin prices had hit $11,000 to hit a record high for the sixth day in a row after gaining more than $1,000 in just 12 hours, stoking concerns that a rapidly swelling bubble could be set to burst in spectacular fashion. Prior to that, the cryptocurrency had hit $10,000 for the first time in history

The cryptocurrency was last up 2 per cent on the Luxembourg-based Bitstamp exchange.

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