The New York Entrepreneur

: Bitcoin surges past $28,000 after UBS deal to buy Credit Suisse

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Bitcoin surged on Sunday night after the announcement that UBS will buy Credit Suisse, setting the stage for a potential risk-on rally. Bitcoin BTCUSD recently was trading at $28,255, up some $842. The cryptocurrency is now 74% from its lows of Nov. 21.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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