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Bitcoin (BTC USD) Crypto Price Tops $44,000 in Tentative Comeback – Bloomberg


Bitcoin extended a two-day rally, leading broad-based gains in cryptocurrencies as digital assets reasserted themselves as haven assets — and emerged as a potential vehicle for getting around sanctions — amid the intensifying war between Russia and Ukraine.
The largest digital coin by market value rose as much as 8% Tuesday to $44,964 in New York trading hours, with its rally over the past two sessions adding 20% to its market value at one point and its total market capitalization crossing above $840 billion once again. Other cryptocurrencies also advanced, with Ether crossing above $3,000. It also broke above its average price over the last 50 days, typically seen as a bullish development. 


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