Bitcoin hits record high, past $110,000 for First time
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Price move gives renewed hope that the digital token can achieve a kind of escape velocity against almost any economic backdrop.
Bitcoin soared to a fresh record on Wednesday amid increasing acceptance of cryptocurrencies on Capitol Hill and Wall Street.
For years, bitcoin and equities, especially tech stocks, have moved in tandem. However, bitcoin’s rally to a fresh record high this week doesn’t necessarily mean stocks will follow along.