Bitcoin surpassed $110,000 for the first time to head toward another record high, with traders increasingly bullish on the prospects of the original cryptocurrency.
Bitcoin climbed as much as 2.2 per cent in early Asian trading on Thursday to hit $110,707, before paring gains, according to data compiled by Bloomberg.
A wave of optimism is buoying Bitcoin after the advancement of a key stablecoin bill in the US senate fueled hopes of greater regulatory clarity for crypto operators.
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