Investors remain optimistic as US stimulus package and Covid-19 vaccine rollout advance

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Bitcoin moved closer to $50,000 for the first time on Tuesday, while the dollar declined as equity traders monitored anticipated US fiscal stimulus and Covid-19 vaccine developments.

Bitcoin briefly pushed to a record-high of $48,215.83 after winning a huge boost Monday following the news that Elon Musk's electric carmaker Tesla had invested $1.5 billion in the cryptocurrency.

It later eased back to a level near $47,335. Read more at i24