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Bitcoin soars to record prices on ample liquidity

Cryptocurrency finds new favor among institutional investors

Bitcoin has seen a stunning price surge over the past two months. But the cryptocurrency is also notoriously volatile.

NEW YORK -- Bitcoin prices have risen rapidly over the past several days, cracking $20,000 on Wednesday during U.S. hours and briefly entering the $23,700 range Thursday as the heavy liquidity created by prolonged monetary easing flows into the cryptocurrency.

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