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Back Bitcoin Surges To $50,000 For The First Time Since 2021 On Etf Demand Blog
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Today, Bitcoin achieved a significant milestone, reaching $50,000 for the first time in over two years, as reported by Bloomberg. The world's largest cryptocurrency last traded at this level in December 2021. This marks a notable recovery from the setbacks faced by the crypto industry, including scandals and bankruptcies, which cast doubts on the sustainability of digital assets. Bitcoin has tripled in value since the beginning of last year, rebounding from a 64 percent decline in 2022. Despite this surge, the current price remains below the all-time high of nearly $69,000 recorded in November 2021.
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