Moscow, Feb 16 : The price of the Bitcoin cryptocurrency reached a new record high on Tuesday morning, approaching $50,000.

According to the Coin Market Cap portal, Bitcoin’s value went up 5.43 percent to $49,605 at 04:22 GMT on Tuesday. Meanwhile Binance data showed that Bitcoin reached an all-time high of $49,998.

On Sunday, Bitcoin’s price went over $49,700 according to data from industry website Coin Desk.(UNI)