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Bitcoin surpasses $80,000 amid increased risk appetite
Cryptocurrencies, led by Bitcoin, experienced a significant surge, surpassing the $80,000 level for the first time since May, as optimism returned to the market after a prolonged decline. This comes amid indications of increased demand, such as record inflows into Bitcoin investment funds and rising digital asset prices driven by the decline in the dollar's value and American financial interventions to support the markets. Nevertheless, doubts remain about the sustainability of this rise, especially with pressure on short positions and the early stage of the market cycle.
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