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Bitcoin Nears $81,000

Bitcoin climbed nearly 2% to just under $81,000 as of Wednesday Asian morning hours, clawing back the weekend’s slip to nearly $79,000. Tech stocks continued to climb, with ZEC leading the majors up 8% to about $1,320. Other major cryptocurrencies like XRP, DOGE, and ether also saw gains, with SOL up about 2% to $102. BNB rose 1%, and TRX lagged with a gain of less than 1%. Galaxy Research noted that the bear market likely ended in June, with bitcoin trading under $58,000 at that time, and the market is now in the accumulation phase ahead of potential interest rate hikes from the Federal Reserve.

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