Bitcoin surge lights up global crypto market

Dubai: Bitcoin’s $1,000 surge on Thursday sent shockwaves throughout the crypto market, with data indicating the crypto rally could be sustainable. And the UAE stands to profit from it as well.Bitcoin recorded a significant rally that allowed it to erase virtually all of the losses resulting from the mid-March meltdown. This led other crypto coins to post notable gains as well.“Bitcoin is slowly recovering from its coronavirus crash as appetite for risky assets improve and as the highly awaited halving event nears,” said Edward Moya, senior market analyst at OANDA.ShockwavesThe entire value of…

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