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Bitcoin hit the $50,000 degree for the primary time in additional than two years because the world’s largest cryptocurrency was buoyed by expectations of rate of interest cuts later this 12 months and final month’s regulatory nod for U.S. exchange-traded funds designed to trace its worth.
The cryptocurrency has risen some 15.7% to date this 12 months, on Monday touching its highest since Dec. 27, 2021. At 1721 GMT, bitcoin was up 4.8% on the day at $49,826, having oscillated across the $50,000 mark.
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