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First Mover Asia: Bitcoin Eclipses $17K, Breaking Out of Three-Week Trading Range

Since mid-December, bitcoin had failed to finish a trading day (universal coordinated time or UTC basis) over $17,000, and now analysts wonder if the largest cryptocurrency has formed a market bottom after a horrendous 2022.

By Bradley Keoun, Elizabeth Napolitano

Updated Mar 3, 2023, 7:03 p.m. Published Jan 9, 2023, 2:44 a.m.

Bitcoin finally managed to break the $17,000 threshold after trading in the doldrums since mid-December. (Leo Reynolds/Creative Commons, modified by CoinDesk)