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Bitcoin breaks through $49,000 for the first time since December 2021
Bitcoin climbed above $49,000 Monday, at one point reaching its highest level in more than two years. The price of the flagship cryptocurrency was last higher by 3% at $49,692.10, according to Coin Metrics, a level it hasn’t seen since December 2021. Bitcoin is coming off its best week since Dec. 8, ending up 10.76% as of Friday. Investors have been eyeing roughly $48,600 as a key resistance level. If bitcoin can break through that level and maintain it, the door could be open for it to reach new highs past $50,000 and perhaps even a new all-time high around the $69,000 level, chart analysts say. Positive sentiment ... (full story)