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Bitcoin climbs to another all-time high

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Bitcoin has hit multiple all-time highs in recent days, most recently crossing $58,000 for the first time.

The cryptocurrency has jumped by more than 100% this year. It grew by 305% in 2020.

“Through the insatiable buy-side pressure from exchange-traded fund issuers, closed-end funds and large public corporations adding bitcoin to their positions, demand is massively outstripping supply,” said John Willock, CEO of digital asset exchange Blocktane.

Read more from Coindesk.

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