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Bitcoin Tops $58K With Focus on Omicron and Fed’s Powell Speech

Are bitcoin’s immediate prospects tied to the Omicron variant’s potential impact on the Fed’s monetary policy? GlobalBlock CEO Rufus Round discusses what to make of bitcoin’s recent price swings. The cryptocurrency is trading near $57,300 at press time, representing a 7.3% gain compared to the low of $53,359 late Sunday.

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