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Bitcoin price: crypto market hits record high, first time since 2021

Price of Bitcoin surpasses $60,000, hitting record highs globally, fueled by new ETFs and robust investment interest.

The currency has reached new peaks in various places in local terms, including in financially robust countries such as China, Japan, the U.K., and India, as well as emerging markets like Argentina, Turkey, and Egypt. The swift rise has rekindled memories of the cryptocurrency bull market, which pushed the token to its all-time high of nearly $69,000 in November 2021, as investors rushed in, driven by the fear of “missing out” on potential further increases in price. “ Investors should remain cautious about the myriad risks associated with Bitcoin and products whose value is tied to crypto,” stated Gary Gensler, the U.S. Securities and Exchange Commission chairman.

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