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Why the Bitcoin price is rocketing towards new record highs again Bernd Struben | March 12, 2021 12:19pm | More on: Boom! Did you hear that? That was the sound of Bitcoin (CRYPTO: BTC) breaking back above US$58,000 this morning. According to data from CoinDesk, the world’s largest cryptocurrency by market cap hit US$58,150 (AU$74,550). In the past hour, it’s retraced some, back to US$57,830. Though by the time you read this it could be hundreds of dollars higher…or lower. Such remains the volatile nature of these digital assets. At its earlier price, Bitcoin was trading within a whisker of its all-time highs of US$58,330 set on 22 February this year.

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