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CryptoWatch: Hedge-fund manager Marc Lasry says $40,000 bitcoin is achievable

A previous version of this article incorrectly spelled the last name of billionaire, hedge-fund manager Marc Lasry of Avenue Capital Group. That error has been corrected.

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Bitcoin is in rally mode, apparently. After months in the doldrums, the No. 1 digital currency extends its gains on Wednesday after following a sharp run-up in the previous session.

As recently as Saturday, interest in bitcoin was at an eight-month low, with 24-hour volume falling below $3 billion for the first time since Nov. 7. However, after Tuesday’s surge, which saw the world’s biggest digital currency climb more than 10%, volume more than doubled Saturday’s number and reached the highest level since May 24.

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