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Bitcoin price rises to near $13.5K

Kate Graham-Shaw

Summary: Bitcoin (BTC) price rose to just under $13.5K following unofficial news that Singapore bank DBS was entering the cryptocurrency market. Data from several cryto trading sites, including Coin360 and Cointelegraph Markets, showed that BTC price had risen to $13,480 on Oct. 27. Despite the news of DBS’s new crypto exchange and currency services being unconfirmed ...

Bitcoin (BTC) price rose to just under $13.5K following unofficial news that Singapore bank DBS was entering the cryptocurrency market.

Data from several cryto trading sites, including Coin360 and Cointelegraph Markets, showed that BTC price had risen to $13,480 on Oct. 27. Despite the news of DBS’s new crypto exchange and currency services being unconfirmed by the bank, Bitcoin immediately reacted in Tuesday trading, rising out of the lower $13,000s.

Raoul Pal, CEO of Real Vision, commented on Twitter that he expected further gains due to the competitive market atmosphere. By Kate Graham-Shaw

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