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Bitcoin Bounces Above $20,000 on Broader Market Upturn
Cryptocurrencies advanced alongside US stocks as investors speculate central banks could soon pull back from aggressive interest-rate hikes. Bitcoin, the largest digital coin by market value, rose as much as 3.3% on Tuesday to trade around $20,243, its highest since Sept 27. That’s in line with broader gains in US stocks. The S&P 500 advanced as much as 3% Tuesday morning. Ether, Binance Coin, Solana and other cryptocurrencies also advanced.
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