Bitcoin smashes through $52,000 to hit a new all-time high

Bitcoin surged above the $52,000 level on Wednesday for the first time.The red-hot cryptocurrency rose of $52,082 at around 3:00 p.m. ET, according to data from Coin Metrics. .Bitcoin was created in 2009, not long after the global financial crisis. It has gone from a protest against the banking system to something of a "digital gold" that is beginning to catch on with mainstream investors.On Wall Street, major investment banks appear to be warming to bitcoin. JPMorgan said recently it's looking seriously at the asset class, and Goldman Sachs has also shown an interest in crypto. A division of Morgan Stanley is reportedly considering adding bitcoin to its list of possible bets.Companies like PayPal and Mastercard have made significant moves to support cryptocurrencies. And Tesla last week said it had invested $1.5 billion into bitcoin and planned to accept the digital currency as payment for its products."We believe the story…

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