UPDATE 1-Bitcoin powers to new high as Tesla takes it mainstream

Bitcoin extended gainson Tuesday to a record high as the afterglow of Tesla Inc’sinvestment in the cryptocurrency had investorsreckoning it would become a mainstream asset class for bothcorporates and money managers. Bitcoin has more than doubled over two months asinstitutional investors search for alternative wealth stores andretail traders ride the wave. Monday’s leap after Tesla’sannouncement was its largest daily rise in more than threeyears.

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