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Bitcoin’s price has finally broken back above $11,000 after a prolonged period of consolidation around $10,700 This move marks an extension of the momentum that was incurred following news of Square’s plan to purchase $50 million worth of BTC. Analysts and investors took this news as a sign that companies are widely beginning to accumulate BTC to hold as a reserve asset As such, it renewed a bullish sentiment and, as can be seen today,
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