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Bitcoin whipped above $70,000 again Monday as the cryptocurrency recaptured its all-time high price earlier but there is some evidence that the ever-volatile bitcoin could soon have another sizable selloff.... Bitcoin rose 7% to almost $71,000 in the 24-hour period ending at about 5 p.m. ET.
Bitcoin’s whirlwind March comes after a dramatic stretch for the token as it more than tripled in value since the beginning of last year thanks to a more risk-hungry market and U.S. regulators’ January approval of spot bitcoin exchange-traded funds , which attracted billions of dollars of fresh capital injection into bitcoin.
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