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Bitcoin reclaims 52k

06 Oct, 2021

Following an earlier relapse in the leading cryptocurrencies earlier this morning, the price of the leading coin, Bitcoin has now made a full recovery in recent trade. Earlier BTC fell back to as low as 50,426, but now it has just charged above 52,000. The move comes as the US treasury bonds also rise slightly, and it could be that the two moves are linked in some way. The move back above 52k in BTC has not dragged all its leading competitors to new highs though and Ether is still lagging well behind. The next level for BTC, as was noted here previously, is now just short of 53k. To be precise it is at 52,921 and is the high reached on September 7. The price has just now risen to as high as 52,453 and it is currently trading at 52,430
 

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