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Bitcoin Surge May 'Not Be the Beginning of the End of the Bear Market’

As Asia markets opened Friday, bitcoin was clinging to its most recent foothold above $30,000. The largest cryptocurrency by market capitalization was trading at $30,006, roughly flat over the past 24 hours. BTC has risen more than 12% since Tuesday when U.S. markets reopened after a long holiday weekend. Spot bitcoin ETF filings with the U.S. Securities and Exchange Commission (SEC) by three financial services giants, including BlackRock. Ether, the second largest crypto in market value, was recently changing hands at $1,880, down about 1.8% from Wednesday, same time.

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