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Bangkok Post – Bitcoin surges to $50,000 for first time since 2021

A neon logo of virtual cryptocurrency Bitcoin is seen at the Bitcoin Embassy bar in Mexico in this illustration taken June 1, 2021. (Photo: Reuters)

BOSTON – Bitcoin hovered around US$50,000 after briefly scaling the closely watched level for the first time in over two years, a remarkable comeback from the crypto scandals and wipeouts that cast doubt on the industry’s viability.

The largest digital asset rose as high as $50,328 on Monday in the United States and was…

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