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Bitcoin Tops $39,000 for the First Time in Nearly 6 Weeks

Bitcoin surged above $39,000 for the first time since mid-June as sentiment turned bullish following a recent sell-off. The cryptocurrency was trading at around $38,567 at 7:10 a.m. ET Monday, according to CoinDesk data, up nearly 12% in the last 24 hours. Bitcoin had earlier surged as much as 12% hit a 24-hour high of $39,544, the highest level since June 16.

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