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Bitcoin, after a prolonged period of stability, has suddenly leaped higher—jumping over the closely-watched $10,000 per bitcoin level for the first time since June and surging toward $12,000.
The bitcoin price has added some 20% over the last seven days, hitting highs of $11,420 on the Luxembourg-based Bitstamp exchange, amid equity market jitters and a rally in the price of gold, considered a safe haven asset.
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However, some market watchers have warned the recent bitcoin price gains might not last—with the options market signalling just a 7% probability of bitcoin returning to its all-time high of around $20,000 before the end of 2020.