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The Independent UK

National

Michelle Chapman

Bitcoin tops $118,000 for the first time, and keeps on going

Bitcoin Crypto Donald Trump Flood

Trump Crypto - (Copyright 2018 The Associated Press. All rights reserved.)

Bitcoin has reached an all-time high, surpassing $118,000 as a flood of money moves into spot bitcoin ETFs, which have opened up cryptocurrency investing to millions.

A soft U.S. dollar and the digital currency friendliness of President Donald Trump's administration has also helped to push the price of bitcoin to unprecedented levels recently.

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