Bitcoin, the flagship cryptocurrency has hit a new record as it rallied for an all-time high.
Bitcoin has reached a new milestone.
The flagship cryptocurrency has hit a fresh record above $71,000 on Monday.
This was as demand for the cryptocurrency picks up amid optimism that the Federal Reserve will cut interest rates the year.
The unit hit a peak of $71,432 in afternoon Asian business, according to Bloomberg data, meaning it has advanced almost 70 percent this year.
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