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Bitcoin recovers to near $48,000 as long-term investors look for value buying

Bitcoin recovers to near $48,000 as long-term investors look for value buying



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  1. tldr; Bitcoin rose to around $48,000 level on Monday as long-term investors went for value buying opportunities after the world’s oldest cryptocurrency dipped to below the $44,000 zone on selling by short-term traders. The rise in the digital asset also came amidst the sharp recovery in global markets as US Treasury yields steadied. Bitcoin had hit its all-time high level of $58,640.77 on 21 February.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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