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Bitcoin rises above US$85,000 as market debates end of ‘crypto winter’
Bitcoin extended a rally over several days to reach its highest reported level since January, according to CNBC.
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Owen Mercer
Markets and Finance Editor
Published
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Source: CNBC · View original source
MARKETS
Bitcoin rose above US$85,000 on Monday, extending a rally that has gathered pace over the past several days, CNBC reported.
The move took the cryptocurrency to its highest reported level since January. The source did not specify the exact peak, exchange or pricing source.
The advance came as markets debated whether the period described as a “crypto winter” had ended.
That question remains unsettled. The available report does not establish that the downturn is over, and it provides no explanation for the rally.
