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The bitcoin price punched through $6,600 on Monday, marking another important step in its latest attempt to break out of a bear market that has now endured for a full six months.

The flagship cryptocurrency had entered the day on a sideways trajectory, holding close to $6,350 for most of the morning. At approximately 13:25 UTC, however, the bitcoin price made a sudden leap from $6,400 to $6,600, ultimately climbing as high as $6,681 but failing — thus far, at least — to break through $6,700.


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