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A rising tide lifts all boats: Bitcoin passes $23,000

Over night, bitcoin continued reaching new all-time highs hitting $23,441 before easing back. The overnight crypto charts are a sea of green of with the exception of USD pegged tokens.

The recent positive news cycle, likely approval of a new stimulus resulting in nearly 1 trillion freshly minted US dollars and a healthy dose of FOMO all provided a tailwind for the crypto markets.

Gold was also positive, reinforcing the idea that bitcoin serves as a digital proxy for gold.

Be careful out there!

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