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    Bitcoin,  Markets Report

    Markets report: Bitcoin hits $16K after 3 years but ‘extreme greed’ abounds

    Bitcoin returns to highs not seen since its path to $20,000 but heavy resistance makes its presence felt

    Bitcoin saw fresh volatility on November 12 as $16,000 came back into play but bulls saw familiar trouble with support. Data from price trackers including CoinMarketCap showed BTC/USD rising to pass $16,000 for the first time since 2017 on Thursday. The moment had been long coming, but highs of $16,180 swiftly met major resistance.