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Bitcoin Rises Nearing $49,600

M. Ali 24 February, 2021 11:11 pm Cryptocurrency, Market Update

Bitcoin returned to gains on Wednesday, following a steep decline on Tuesday that erased all of its weekly gains.

The world’s largest cryptocurrency is up by 4.67% at $49,580.6, reducing its losses during the past seven days to 3.34%.

Earlier today, the digital currency exceeded the $50,000 level.

Square, a U.S.-based financial services company listed on the New York Stock Exchange (NYSE), announced on Tuesday that it has purchased around $170 million worth of Bitcoin, buying 3,318 Bitcoins at an average price of $51,235.

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