Bitcoin, the world's largest cryptocurrency, has risen in value by 12% in 24 hours.

Last year, many cryptocurrency exchanges went bankrupt, leading to a major downturn in the cryptocurrency market.

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Earlier, some cryptocurrency commentators had predicted that BTC's price would return to $10,000.

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A Santiment report indicates that BTC reached a six-month high, surprising bearish traders.

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In addition to Bitcoin, other cryptocurrencies have also seen price increases: ETH's price is up 5%, ADA's is up 7%, and MATIC's is up 9% in 24 hours.

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At the time of writing, Bitcoin's price is $24,684.

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This price surge represents a significant increase in Bitcoin's overall value.

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Bitcoin has been subject to volatile price fluctuations over the years, with rapid surges and dips.

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Many investors and traders closely follow Bitcoin's price movements as an indicator of market trends.

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Bitcoin's popularity has continued to grow, with many people seeing it as a viable investment option despite its volatility.

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