Strong performance on price of Bitcoin after stablecoins recover peg and staked Ether withdrawals near

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City AM

By Darren Parkin Data from CryptoCompare shows that the price of Bitcoin surged from around $22,000 at the beginning of last week to now change hands above the $28,000, with the cryptocurrency market having outperformed other assets over the last few days. Ethereum’s Ether, the second-largest cryptocurrency by market cap, moved similarly to BTC, jumping from around $1,580 to $1,780. Ethereum has briefly surpassed the $1,800 mark over the week, but failed to remain above it. This past week was initially dominated by headlines surrounding the depeg of major stablecoins, including Circle’s USDC a…

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