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Bitcoin was trading above $41,600 at around 5:27 pm on Monday. The world s largest cryptocurrency remains well below its 2020 record price of nearly $69,000, but the rally marks a recovery following the high-profile scandals and collapses that rocked the crypto industry.
The world s biggest cryptocurrency rose as high as $42,162 on Monday, its highest since April 2022, seemingly casting off the funk that had settled over crypto markets following the collapse of FTX and other crypto-business failures last year. It was up 6.49% at $41,311.26 as of 1605 GMT.