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Bitcoin Rally to $42K Fueled by ‘Panic Buying,’ Pushes Crypto Market Cap Over $1.5T

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“Despite the run, bitcoin remains very constructive,” Thorn said with overhangs reducing (bad actors exiting, bankruptcies resolving), catalysts on the horizon (spot ETFs, halving), holders remaining firm, a constructive macro environment, and institutional engagement still mostly on the sidelines.”

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