Bitcoin Crosses $80,000 for First Time Since May Amid Crypto Recovery

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Bitcoin has surpassed the $80,000 mark for the first time since May, continuing a strong rebound in the cryptocurrency market. The price represents a 38% surge following a significant plunge in June. Analysts attribute the recovery partly to shifting U.S. Treasury policy, which has helped draw buyers back into the crypto space. The renewed investor interest has also rejuvenated demand for Bitcoin exchange-traded funds (ETFs).

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