Bitcoin price rose the most in more than a month, briefly climbing back above $49,000 for the first time in five days, amid a general rebound in risk sentiment. The largest cryptocurrency by market value gained as much as 5% to $49,331 in New York trading before paring the increase. Bitcoin had slumped about 30% over the past five weeks after setting a record high of almost $69,000 in early November.
Bitcoin may have put in a bottom in the midst of an enduring bull market, mirroring the recent
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