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Bitcoin hits record as Mastercard, BNY Mellon embrace crypto


Bitcoin hits record as Mastercard, BNY Mellon embrace crypto
Eric Lam, Bloomberg News
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Bitcoin jumped to a record high after Mastercard Inc. and Bank of New York Mellon Corp. moved to make it easier for customers to use cryptocurrencies.
The largest digital asset rose as much as 7.4 per cent to US$48,364, surpassing the all-time high reached Monday after Tesla Inc. announced it would hold US$1.5 billion of the cryptocurrency on its balance sheet. The wider Bloomberg Galaxy Crypto Index also touched a record.
“The crypto-asset world is bursting into the realms of traditional finance at a staggering pace,” said Simon Peters, an analyst at investment platform eToro. ....

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