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Bitcoin steadies as gold extends powerful rally

Bitcoin held close to $78,000 on Monday after its strongest weekly advance in more than three years, while gold climbed to a three-month high and major alternative cryptocurrencies paused after sharp gains. The largest cryptocurrency was trading around $77,000-$78,000 after gaining about 23% over the week ended August 23. Bitcoin briefly rose above $79,000 during the surge, its highest level in…

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