As a substitute, bitcoin did the reverse on Thursday, recovering from an early stumble to regain its now acquainted perch over $19,000. The biggest cryptocurrency by market capitalization, which was just lately up greater than 2% and buying and selling above $19,600, has been occupying a slender band between $19,000 and $21,000 for a lot of the previous month, hamstrung by considerations about untamable inflation and the rising prospect of a harsh recession.

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