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Bitcoin is closing in on $1,500

Bitcoin is trading at fresh all-time highs on Tuesday. The cryptocurrency hit a record $1,484.68 before paring its gains. Now, it's trading up 2.65% at $1452.92 a coin as of 1:37 p.m. ET.

Photographers in front of a mock bitcoin ATM during the opening of Hong Kong's first bitcoin retail store in February 2014.

Tuesday's advance has the bitcoin on track for its 11th gain in the past 12 sessions, and marks a second straight day of record highs.

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Bitcoin's latest streak comes after the US Securities and Exchange Commission announced last week that it will reconsider the Winklevoss ETF. A ruling will be announced no later than May 15.

Back in March, the SEC rejected two bitcoin ETFs, saying

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