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Five Reasons Bitcoin Has Roared to Its Highest Level Ever, Defying Dimon’s ‘Fraud’ Call

Bitcoin has rallied by 75% since mid-September low

by Mark DeCambre
Market Watch

Bitcoin notched a fresh record on Thursday and solidified its recent run-up in price after tumbling on the back of a series of critical comments, including those from J.P. Morgan Chase CEO Jamie Dimon, who referred to the asset as a “fraud.”

A single bitcoin on Thursday afternoon was worth $5,220.54, eclipsing an intrasession high reached in early September around $5,000. The cybercurrency has risen by about 75% since hitting a low of $2,985.24 in mid-September, research-and-data site CoinDesk shows.

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