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Bitcoin leaps past $68,000 as shorts unwind

Bitcoin surged more than 6% on Wednesday, breaking above $68,000 as a sharp retreat in US Treasury yields revived demand for risk assets and forced heavily leveraged traders betting against cryptocurrencies to close their positions. The world’s largest cryptocurrency traded around $68,500 after briefly climbing above $69,000, reaching its highest level in nearly three months. The move marked…

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