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Bitcoin Rises to $20,000 After Two-Month Hiatus

The most well-known cryptocurrency, Bitcoin, reached a $20.000 value which is the highest it has been in two months.

This is about a 4.6% increase from its last close and 24.4% from its lowest position the previous year at $16.496.Moreover, Ether, a cryptocurrency linked to the Ethereum blockchain, has also increased by 5.91% to $1.536.9.

In fact, over the past few days, Bitcoin has been considered a risky assets-including other cryptocurrency and has experienced more precarious positions. However, by the time Coinbase Global, the largest U.S based crypto exchange, announced layoffs of 950 workers, the company's shares surged to more than 8% later on this week. Moreover, the total market capital for crypto assets surged to more than $ 40 million in the last few days to reach above $900 billion.


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