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Bitcoin records rise above $10,000 for the first time since June

The crypto-currency Bitcoin has experienced a noticeable rise of $10,000 for the first time since early June.

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The crypto-currency Bitcoin has experienced a noticeable rise of $10,000 for the first time since early June.

The economy faced a severe downfall due to the ongoing pandemic. The crypto-currency fell to third of its half in May. Moreover, the fall had cut the rewards given to those who “mine” bitcoin to 6.25 new coins from 12.5.

The decrease in the value has impacted the revenue rate and the miners. Hence, the miners are now looking for a break-in point. Bitcoin has enjoyed above-average flows this year, and those flows are relatively high versus their five-year average when compared with those of exchange-traded funds in other asset classes.

Lately, the crypto-currency hit highs of $10,200.

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