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Bitcoin tops $1,900 for the first time

The cryptocurrency has more than doubled its value since the beginning of the year .

Bitcoin rose as much as 4.2% to an all-time intraday high of $1,961.70, marking its fifth-straight day of gains. The cryptocurrency has more than doubled its value since the beginning of the year amid global political uncertainty and increased interest in Asia. Skeptics have said that there may be a bubble in the making, as bitcoin has repeatedly broken records without showing signs of slowing.

© 2017 Bloomberg

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