Bitcoin Makes Push for $57K as Fed Taper Fears Linger, Leveraged Funds Boost Shorts

Bitcoin jumped to a fresh five-month high early Monday, extending its two-week price rally even though Friday’s weak U.S. jobs report failed to damp expectations that the Federal Reserve will begin to scale back its bond-buying program in November. The market also turned a blind eye toward the data showing supposedly bearish positioning by leveraged funds in the futures market.

The cryptocurrency rose to $57,000 during the early European trading hours, hitting its highest mark since…


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