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CryptoWatch: Bitcoin breaks $8,000 — aims for further milestones

Bitcoin’s comeback is showing no signs of abating as the No. 1 digital currency has regained $8,000 for the first time May 23.

Bitcoin BTCUSD, +6.44% is currently trading at its intraday high at $8,110.37, up 6.5% since Monday’s 5 p.m. level on the Kraken cryptocurrency exchange.

The turnaround in bitcoin comes as interest from the financial and institutional sector grows. Last week, Grayscale Investments said it raised a record $250 million in the first half of 2018 of which more than 50% was institutional money, and more upbeat news for the industry came when the Financial News reported that BlackRock, the largest asset manager, had set up a working group looking into blockchain technology.

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