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Bitcoin hits $80,000 again
Bitcoin's value surpassed $80,000 for the first time since mid-May, continuing its rise after recording its best weekly performance in over three years. This boost was driven by positive regulatory developments in the United States, a return of institutional capital inflows, and hedging strategies against currency depreciation amid unfavorable global market conditions. Additionally, rising US Treasury yields contributed to investors' desire to shift their capital into tangible assets like cryptocurrencies, amid concerns over inflation and the US debt surpassing $40 trillion.
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