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What happened to bitcoin?

Link Copied! Bitcoin, which accounts for more than half of all cryptos in circulation, is up more than 200% over the past 12 months. Bitcoin surged to an all-time high Tuesday, shaking off a more-than-two-year rut that had put the future of the entire crypto ecosystem in question.

What is a bitcoin exchange?

Bitcoin is a cryptocurrency created in 2009. Marketplaces called “bitcoin exchanges” allow people to buy or sell bitcoins using different currencies. Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks!

Which crypto tokens soared on the news?

Major crypto tokens surged on the news. Bitcoin prices, which have been especially volatile in recent weeks, were up 7% to nearly $28,000. Coinbase ( COIN ), the largest publicly traded US crypto exchange, jumped 15%. The bitcoin fund at the center of the case, the Grayscale Bitcoin Trust, or GBTC, was up 17%.

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