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Bitcoin approached $30,000 for the first time since April, buoyed by crypto initiatives involving major players from the traditional financial sector.
The largest digital asset rose as much as 6.1% and traded at $29,789 as of 11:26 am in New York on Wednesday, lifting the token’s rebound this year to almost 80%. Smaller coins such as Ether, Cardano and Solana also posted gains.
