Bitcoin traded above US$17,000 Monday morning in Asia, with all the top 10 non-stablecoin cryptocurrencies by market cap gaining ground. Investors see inflation fears easing in the U.S., the world’s biggest economy, while China has started to relax Covid-19 restrictions in many cities, raising expectations the world’s second-biggest economy will get back on the growth track after GDP slowed this year to around 3% from a target of 5.5%. (forkast)
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Markets: Bitcoin Back Above US$17,000, Ether Gains Along with Other Top 10 Crypto
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