Bitcoin Heads Back Toward $50K, Rebounding From Disastrous Week

Bitcoin started the month on a positive note, jumping more than 8% to about $49,000 after a price plunge last week that was the biggest since the coronavirus wrecked markets early last year.

The gains came amid fresh signs of adoption of digital-asset technologies. Citigroup, one of the biggest U.S. banks, wrote that bitcoin was at a “tipping point” as more institutions adopt the cryptocurrency. Google Finance added a data tab on cryptocurrencies. And Michael Saylor’s MicroStrategy,…


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