Bitcoin staged an impressive rally on Tuesday — surging from $19,000 to highs of $20,338.
In other developments, British investors have been left reeling after the pound sank to an all-time low against the U.S. dollar on Monday. A number of accounts on Crypto Twitter have gleefully been describing sterling as a "shitcoin," and claiming that GBP has proven to be more volatile than Bitcoin. But panic in the markets ensued, and U.K. government borrowing costs are now on course for one of their biggest monthly rises on record.
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