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Bitcoin price rises above $50,000

The price of Bitcoin has risen above $50,000 for the first time in three months as the cryptocurrency continues to recover from a deep slump.
 
The coin fell sharply in May after a crackdown in China and a decision by Elon Musk's Tesla not to accept it as payment any more.
 
But investor sentiment is improving as more mainstream financial companies begin using the digital currency.
 
Bitcoin is now up 81% since January, when it was trading at just $27,700.


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