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Goldman Sachs to Publish New Positive Report on Cryptocurrencies
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Signs Point To Retail Investors Taking Over Bitcoin Momentum: CoinDesk
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Meitu Crypto Holding Reaches $100 Million after Latest Bitcoin Purchase
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TodayIR: Xinyang Maojian privots to crypto market with new joint venture following in Riot Blockchain s footstep
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The largest cryptocurrency was trading at about $60,000 early in Asia on Monday, after topping out at $61,742 over the weekend. Bitcoin has climbed more than 1,000% in the past year, pushed higher by signs of increased institutional and corporate interest alongside the usual speculative demand.
Crypto has seen “some good flow, with traders front running U.S. stimulus checks,” Chris Weston, head of research at Pepperstone Group Ltd., wrote in a note, adding Bitcoin needs to stay above the previous high of just over $58,000 to bolster confidence in a “new bull leg.”
The lively debate about whether it’s even possible to work out an intrinsic value for Bitcoin as well as the scope for more stimulus-fueled gains continues apace. The token’s volatile climb from the depths of the pandemic-induced rout in markets last year far outstrips more traditional assets like stocks and gold.