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Bitcoin surge from $30,300 to $35,400 in less than eight hours

In less than eight hours, bitcoin surged from $30,300 to $35,400 and still showed no signs of slowing down. 

Since the start of 2021, the most bitcoin has gained about $5,000 this year alone amid strong buying pressure from leading financial brands across the world. 

At press time, Bitcoin traded at $35,402.67 with a daily trading volume of $11 billion. 

Bitcoin is down 1.07% for the day. Recall on Monday, Bitcoin and the rest of the crypto market dipped suddenly, with bitcoin losing as much as $10,000 in a day. 

However, it quickly bounced back, recovering most of its value as the dip was rapidly bought up by eager investors waiting to be part of Bitcoin’s meteoric rise. 

Despite failing to break through its lifetime high price level of $42,00 resistance on Sunday, Bitcoin quickly bounced from its $30,000 plunge sighted yesterday and just broke above the $35,200 price levels.

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