Bitcoin nears $50,000 as it reaches record | Business and Economy News

Bitcoin has been buoyed in recent months by endorsements from the likes of Paul Tudor Jones and Stan Druckenmiller.

Bitcoin reached a new record on Sunday rising above $49,000 for the first time.

The world’s largest cryptocurrency reached about $49,344 earlier in the day, and was around $49,202 as of 10:20am in London.

It is now up about 70% so far this year. Rival cryptocurrency Ether hit a record on Saturday and is up about 150% year-to-date.

Bitcoin has been buoyed in recent months by…


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