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Bitcoin Hits Record High Above $62,000

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File photo of visual representation of the digital cryptocurrency Bitcoin, at the “Bitcoin Change” shop in the Israeli city of Tel Aviv. PHOTO: JACK GUEZ 

Bitcoin on Tuesday hit a record high above $62,000  as the cryptocurrency exchange Coinbase prepares to launch shares on Wall Street.

Bitcoin reached $62,377, a huge gain of 114 percent since the start of the year.

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