Bitcoin surges to record $28,500, quadrupling in value this year
by Julia Kollewe from Technology | The Guardian on (#5C7FP)
Institutional investors help cryptocurrency to 47% gain in December as interest in US dollar declines
Bitcoin has continued its end-of-year Santa Claus rally, surging to a new high of more than $28,500.
The cryptocurrency gained more than 5% to hit $28,572 on Wednesday. It is up 47% since the start of December and is on track for its biggest monthly gain since May 2019.
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