Money & Business

Bitcoin climbs back above $49,000

Bitcoin rose the most in more than a month, briefly climbing back above $49,000 for the first time in five days, amid a general rebound in risk sentiment.

The largest cryptocurrency by market value gained as much as 5 per cent to $49,331 in New York trading, the biggest intraday increase since Nov. 18. Bitcoin had slumped about 30 per cent over the past five weeks after setting a record high of almost $69,000 in early November.


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