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Cryptocurrencies Surge to Year Highs on Favorable Regulatory and Investment Moves

Cryptocurrencies are experiencing a surge in value due to recent regulatory and investment developments. Bitcoin has reached its highest price since June 2022, up over 90% for the year and nearly 30% in the past month. Ether and Ripple have also seen significant gains, with Ripple soaring 73% after a US judge ruled it could be legally sold on public crypto exchanges.

The positive momentum is attributed to regulatory clarity, investment from finance firms BlackRock and Fidelity, and fraud charges against the former boss of bankrupt crypto lender Celsius Network. The entrance of traditional finance businesses into crypto has also contributed to the rally.

Bitcoin Bitcoin $98,777.21
+1.18%
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