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Bitcoin Is Rising After UBS-Credit Suisse Deal

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Bitcoin


is gaining after


UBS


announced a $3.2 billion deal to buy


Credit Suisse


a bid by Swiss regulators to calm a crisis of confidence in financial markets.

As of Sunday 4 p.m. Eastern time, Bitcoin was up 3.3%, to $28,334 a coin.


Ethereum


another cryptocurrency, was up 1.7%, to $1,826 a unit.

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