Australian shares are expected to drop following a volatile session on Wall Street, while bitcoin has surged above $US52,000 — a new record high.The Australian dollar was steady at 77.5 US cents.
Bitcoin soared to yet another record high, a day after vaulting the $US50,000 hurdle, even as analysts warned against the sustainability of such prices amid elevated volatility.and companies like Tesla, Mastercard and BNY Mellon.Despite the flurry of mainstream acceptance this year, some analysts warn bitcoin is still far from becoming a widely used form of payment.
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