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Crypto rebounds amid regulatory fears

19/1/2018

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Bitcoin saw another major swing on Thursday — this time in an upwards trajectory, CNBC reports. The cryptocurrency briefly passed $12,000, a nearly 31% surge from a low of $9,200 on Wednesday. Rivals ethereum and ripple also bounced back. While bitcoin has crashed multiple times before, “this current bubble comes against a new backdrop: a global tide of regulation against the inchoate cryptocurrency industry,” The Verge notes.
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