Wednesday , 11 December 2024
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Bitcoin re-takes $100,000 with a 3% gain

The battle over $100,000 continues for bitcoin.

Sellers took over yesterday on (irrational?) fears of a quantum computing breakthough that could crack bitcoin’s encryption in the future. However those fears have ebbed today in broad rally in risk assets following a subdued US inflation report. There is a broad rally in risk assets, including a 1.4% climb in the Nasdaq led by megacap tech.

This article was written by Adam Button at www.forexlive.com.

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