Bitcoin hits record high of $62,575

Bitcoin hit a record of $62,575 on Tuesday, extending its 2021 rally to new heights.

The world's biggest cryptocurrency has more than doubled in price this year amid growing mainstream acceptance as an investment and a means of payment, and as investors seek high-yielding assets amid low-interest rates.

Major firms including BNY Mellon, Mastercard Inc, and Tesla Inc are among those to have embraced or invested in cryptocurrencies.

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