The large trading volumes happened as bitcoin broke out from its sideways consolidation Monday, rallying over 10% and hitting $57,000 after the U.S. market close, its highest price since Nov. 2021. BTC is up 6% over the past 24 hours, outperforming the CoinDesk20 Index’s (CD20) 3.5% advance.

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Author: Krisztian Sandor, Helene Braun

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