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Bitcoin rises to $64.6K, the highest since April

Bitcoin (BTC-USD) jumps to $64.6K, its highest since April, and poised to overtake $64.8K, its all-time high, pushing up the price of a number of crypto-related stocks in premarket trading. The milestone follows the U.S.’s first bitcoin-linked exchange-traded fund, the ProShares Bitcoin Strategy ETF (NYSEARCA:BITO), which achieved debut trade volumes just shy of $1B. Credit:
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Traders Piling Into Overvalued Crypto Funds Risk a Painful Exit

Many investors racing to get in on Bitcoin’s big rally have bet on the cryptocurrency through investment trusts rather than buying the coins themselves. These fund-like trusts have some advantages: Their shares can be bought and sold through ordinary brokerages, without the need to set up digital wallets or move money to a crypto exchange. And some institutional […]
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