Bitcoin hits new record high of $11,850


LONDON (Reuters) - Bitcoin powered to a record high of $11,850 on Tuesday, continuing its surge from below $1,000 at the start of the year.


The cryptocurrency was last up 2 percent on the Luxembourg-based Bitstamp exchange <BTC=BTSP>.


(Reporting by Dhara Ranasinghe; Editing by Jamie McGeever)

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