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Bitcoin tops $16,000 on PayPal bull run

Cryptocurrency could touch $20,000 as investor interest surges

Bitcoin last attained a record value near $20,000 in a rally that lasted through December 2017.   © Reuters

NEW YORK -- Bitcoin surpassed the $16,000 mark for the first time in nearly three years Thursday, as the market cheers PayPal's decision to let customers use virtual currencies for purchases.

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