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Bitcoin Price Near $80,000 as Oil Rebounds and Bank of England Hikes Rates
Bitcoin price slipped back below $80,000 on Thursday morning, trading near $79,600. The move gives back a slice of Wednesday’s rally. Oil prices recovered and the Bank of England raised interest rates, contributing to the decline. Bitcoin’s market cap is about $1.60 trillion with $35.2 billion in trading volume over the past day.