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Bitcoin heads toward best week since October as crypto collapse stabilizes

Bitcoin heads toward best week since October as crypto collapse stabilizes

The value of bitcoin exceeded the threshold of $66,895 in October for the first time in history.

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The price of bitcoin got a small relief bounce this week as investors hoped that the worst of the crypto liquidity crisis is over.

By Friday, bitcoin had risen about 11% for the week and is on pace for its best week since October, according to Coin Metrics. The price rose as high as $22,478.37 at one point, climbing back from…


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