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Bitcoin Price Surges Past $9000, Suffers Brutal Dump

Bitcoin Price Surges Past $9,000, Suffers Brutal Dump

By CCN: The bitcoin price extended its triumphant rally past a new milestone, clearing the $9,000 barrier to set a fresh 12-month high. Minutes later, a $500 dump sent a chill through the market. The flagship cryptocurrency had spent most of the morning trading near $8,750, but a sudden surge in volume catalyzed a sharp rally shortly before noon ET.