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Bitcoin Trades Above $50000 as Cryptos Gain Steam. What’s Behind the Rally. – Barron’s

Bitcoin, Ethereum, and crypto-related stocks are exhibiting new momentum even as the regulatory outlook darkens.

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Cryptocurrencies hot summer shows no signs of cooling off. Bitcoin
(BTC) was trading around $50,500 on Friday, up 1.7% in 24 hours for a gain of more than 30% over the past month.
Ethereum
(ETH) was hitting record highs with a gain of 5%, topping $4,000…

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