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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.

The last time bitcoin touched such a level was in January 2018, according to the tracker Coindesk. Bitcoin jumped by roughly 40% over a month through Thursday.

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