Bitcoin pushes closer to $50,000, global stocks mixed

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NEW YORK - 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.

Asia's main stock indices closed stronger, with Tokyo hitting a 30-year high, while the Dow Jones index edged down from an all-time high following a mixed session in Europe.

Besides stimulus expectations, the market also has been boosted by progress on coronavirus vaccines that have raised hopes for earnings growth in 2021 and beyond. Benchmark crude contract Brent North Sea moved further above $60 a barrel on Tuesday thanks to surging demand expectations as economies reopen.

Watch more in iWantTFC "Despite demand being down about five million barrels year-over-year, optimism is high that vaccine rollouts will have key parts of the global economy return to normal."

 

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