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Stock impact report

Bitcoin rallies, tops US$70,000 as risk assets stabilize [BNN Bloomberg (Canada)]

Bank Nova Scotia Halifax Pfd 3 Ordinary Shares (BNS) 
Last bank nova scotia halifax pfd 3 ordinary shares earnings: 2/25 05:30 am Check Earnings Report
Company Research Source: BNN Bloomberg
The world's largest cryptocurrency was last up more than 11 per cent at US$70,231 BTC=, rising as high as US$71,464.96 and recouping losses that pushed it to US$60,017.60, the lowest level since Oct. 24, earlier on. Bitcoin posted its largest one-day gain since March 2023, but was down roughly eight per cent this week. “It feels like a day of consolidation for risk assets that have been under pressure this week,” said Shaun Osborne, chief currency strategist at Scotiabank in Toronto. The digital currency market has struggled for months since a record crash last October sent bitcoin tumbling from an all-time peak and investor sentiment toward these assets has cooled. Friday's low was its weakest level since early October 2024. That was just before bitcoin's rally accelerated as Donald Trump closed in on winning the U.S. presidential election, having signaled his intention to support crypto on the campaign trail. Market participants, however, were leery about Friday's recovery. Show less Read more
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