Bitcoin and other notable cryptocurrencies rose in value on Monday after a brutal week for the nascent market. The world’s best-known and most-valuable digital currency climbed back above the $4,000 mark late Sunday, according to CoinMarketCap data. Its price fell as low as $3,447.58 on Sunday, as investor angst over the cryptocurrency’s plunge worsened. However, later in the day, bitcoin pared its losses, and on Monday was trading 5.54 percent higher to a price of $3,982.80 shortly after 7 a.m. ET.
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