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Bitcoin resumes its rally, ripping through $54,000 for the first time since December 2021
The price of bitcoin shot above the $54,000 level on Monday after waking up from a week of tepid trading. The flagship cryptocurrency was last higher by 5% at $54,384.81, according to Coin Metrics. At its session high, bitcoin hit $54,965.26 and reached its highest level since December 2021. “Today is settlement day for bitcoin futures, which is contributing to the price jump we’re seeing,” said Ryan Rasmussen, analyst at Bitwise Asset Management. “We’re approaching the window where we typically see traders positioning themselves ahead of the bitcoin halving, which will happen in the second half of April. I ... (full story)