BITCOIN CONTINUES ITS STUNNING RISE, ALMOST HITTING 50 THOUSAND DOLLARS SUNDAY

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(CNN) – Bitcoin continues its stunning rise in the market.

On Sunday, the digital currency almost hit $50,000 and just in the last few months it has more than doubled in value.

Investors have sent its price skyrocketing during the pandemic, as the Federal Reserve cut interest rates to near zero in March last year.

That move weakened the U.S Dollar.

More companies are starting to be open to the cryptocurrency.

Just last week, Tesla said it may soon accept it as payment for its cars.

And MasterCard announced it will support select cryptocurrencies this year, making it bitcoin’s most mainstream, major platform yet.

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