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Bitcoin approaches $78,000
Bitcoin's price rose significantly to around $78,000, marking its best weekly performance of approximately 23%. This increase followed U.S. President Donald Trump's call for clear regulations for digital currencies. The rise was driven by an appetite for riskier assets amid hints of approving legislation to establish a comprehensive regulatory framework for the digital currency sector, prompting institutional investors to enter the market and inject new liquidity. Additionally, alternative cryptocurrencies like Ethereum and XRP benefited from this momentum, recording gains of up to 15.7%.
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