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Bitcoin reached an all-time high today, when it hit $125,449.77 at 4:55 am UTC. Although it has since normalized to around $122,000, at the time of writing, this is still a greater than 20% increase in value from December last year, when the cryptocurrency broke the $100,000 milestone. According to Reuters, Bitcoin has been rising for eight consecutive days before it hit this record, owing to rising confidence in U.S. equities and interest in Bitcoin exchange-traded funds (ETFs).
The flagship…
