The price of bitcoin has surged nearly 30 per cent against the dollar in January, raising hopes among its faithful followers that the crypto market is emerging from the credit crisis that gripped it for much of last year.
The token, the most actively traded in the industry, has soared to more than $21,000 in the past week, breaking out of the tight range around $17,000 upon which it had settled following the collapse of the FTX crypto exchange in November.
The cryptocurrency has joined…
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