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Bitcoin jumped above $18,000 on Thursday morning, increasing by 5 percent in value in a 24-hour period. Attorneys for FTX found $5 billion in liquid assets, such as cash and digital assets, on Wednesday. Bitcoin has plummeted 74 percent from its all-time high of $68,990 in November 2021. The cryptocurrency market lost $1.4 trillion in value throughout 2022 as traders dumped risky assets such as technology and growth stocks. Analysts warn that further negative news about crypto could drop the price of Bitcoin to the $12,000 to $14,000 range.

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