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Bitcoin Roars Back From ‘Flash Crash’ to Breach $8,000 Once More

  • Largest cryptocurrency highlighted in “60 Minutes” segment
  • Speculation builds that Bitcoin ETF could be approved Tuesday
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Why Bitcoin's Revival Is Different This Time Around
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Peak excitement over Bitcoin is back, with the largest cryptocurrency surging again after a “flash crash” at the end of last week that only temporarily dented optimism.

Bitcoin jumped as much as 17% Monday, briefly breaching the $8,000 level. Since the beginning of the year, the original digital token has more than doubled as more mainstream Wall Street firms embrace cryptocurrencies and its underlying blockchain technology. Other digital currencies, including Ether, have also seen double-digit gains.