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Another survey, by Deutsche Bank, warned of price bubbles in the cryptocurrency. The dollar slid against most currencies on Tuesday.

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In the ongoing digital wave, central bankers and regulators, particularly in China, are also starting to embrace issuing their own digital currencies for everyday use, in a major break from the conventional workings of global finance. However, Vitor Constancio, former vice-president of the European Central Bank, wrote on Twitter that policymakers should focus on regulating cryptocurrencies and develop digital currencies only if they will help banks in their role of enabling credit creation.

The Tesla news-led rally stretched beyond bitcoin. MicroStrategy Inc, a business intelligence software firm and bitcoin buyer, has climbed percent so far this year, after posting gains of percent in Even Dogecoin, a cryptocurrency with a dog as its symbol, has seen its value turbocharged after Musk mentioned it on Twitter. It has jumped 13 percent in the past day, according to CoinMarketCap.

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The cryptocurrency bitcoin has just hit a record high and is poised to rise even further. More from Economy. We are excited Raiz has selected Gemini as the trusted cryptocurrency exchange and custodian to support this portfolio launch and to help further the adoption of this asset class in the Australian market. For more information on Raiz fees, click here.

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