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1/22, 4:55 PM (Source: TeleTrader)
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Bitcoin rebounds, climbs 5% to trade above $32K

Bitcoin rose over 5% on Friday and climbed back above $32,000 after hitting a near three-week low of $28,768.762 earlier in the day.

The rebound comes after business intelligence company MicroStrategy announced it bought approximately 314 bitcoins for $10 million in cash and now holds approximately 70,784 Bitcoins.

Bitcoin gained 5.08% to sell for $32,407.545 at 10:52 am ET. However, the world's most widespread cryptocurrency is still over 11% down for the week and is currently $10,000 below its record-high reached earlier this month.

Breaking the News / NP