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Bitcoin topped $40,000 as the largest digital asset extended a 2023 rebound on expectations of interest-rate reductions and greater demand from the exchange-traded funds sector.
The token added as much as 2.9 per cent to reach $40,867 and was just shy of that mark as of 10:33 a.m. Monday in Singapore, taking its 2023 jump to 146 per cent. Bitcoin was last at such levels in April 2022, before the TerraUSD stablecoin collapse that contributed to a $2 trillion rout in digital assets.
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