Bitcoin Bounces Back 5% to Reach $42,000 Amid Market Volatility
Bitcoin, the leading cryptocurrency, has shown resilience in the face of recent market volatility, rebounding by 5% to hit the $42,000 mark on Saturday. This recovery comes after a decline of 20% from its three-year high of $49,000 on January 11, following the approval by the US Securities and Exchange Commission (SEC) of spot bitcoin exchange-traded funds (ETFs). Despite the bounce back, Bitcoin still remains 14% below its post-ETF approval highs.
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