Sudden rise in price of Bitcoin shows investors are embracing onset of increased crypto regulation

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City AM

By Darren Parkin Bitcoin hit nearly $25,000 early Thursday morning as investors appeared to dismiss concerns about enhanced crypto regulation being introduced. The world’s largest cryptocurrency by market capitalisation jumped around 3%, trading at $24,720. August 2022 was the last time BTC was as close to the key threshold. Other cryptos such as Ether and Cardano also made gains. The climbs extend a recovery in prices from last year’s so-called crypto winter, including an almost 50% year-to-date gain for Bitcoin. Many will argue that this is not a surprise as global stocks are becoming steadi…

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