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Bitcoin briefly surpassed its record high of $69,000 per unit before it dipped by more than 10% on Tuesday capping a wild roller coaster ride for the worlds most popular digital coin which has officially emerged from its months-long crypto winter.

Bitcoin reached a high of $69,202 on Tuesday eclipsing the all-time record of $68,999.99 that was set in Nov. 2021 before retreating to around $62,300 as of 4 p.m. Eastern time.

Other cryptocurrencies such as ethereum, BNB, Solana and Dogecoin appeared to follow bitcoins trajectory on Tuesday.

Ethereum, which started the day at $3,698 per unit, rose 3% on Tuesday to $3,815 before it fell below $3,400 shedding more than 6%.

Despite bitcoins late-day dip, things are looking up for investors who have snapped up the digital currency in recent weeks.

Since Jan. 1, bitcoin has gained nearly 40%. In the last year, the cryptocurrency has risen by a whopping 175%.

Bitcoins rally is a far cry from the crypto winter which began in late 2021, when the digital coin flirted with $70,000 before freefalling to below $16,000 in late 2022.

Since then, bitcoin has been gradually recovering in fits and starts.

Experts told The Post that a regulatory stamp of approval by the Securities and Exchange Commission, which greenlighted 11 spot exchange traded funds, whetted investor appetites. 

Crypto analysts are also anticipating a halving of bitcoin next month.

Halving is a process that takes place every four years in which the rate at which tokens are released is cut in half, along with the rewards given to miners.

Supply of bitcoin is limited to 21 million, of which 19 million have already been mined.

Ted Jenkin, CEO of Atlanta-based financial planning firm oXYGen Financial, told The Post that investors, who are betting on bitcoin while anticipating interest rate cuts by the Fed, should still be cautious.

Part of the growth is always linked to the frenzy of people chasing a hot category or stock and the law of supply and demand kicks in to drive up price, Jenkin told The Post.

He compared bitcoin with AI chip maker Nvidia, whose market capitalization crossed the $2 trillion mark thanks to Wall Street enthusiasm over its growth potential.

Just remember, these are highly volatile early stage technology assets and they will have a ton of volatility, Jenkin said. 

Be careful about thinking of this as a get rich quick scheme.

With Post wires

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Manchester Arena bombing survivors to get almost £20m in payouts

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Manchester Arena bombing survivors to get almost £20m in payouts

A judge has ruled that nearly £20m is to be paid out to 16 survivors of the Manchester Arena bombing who were children at the time of the tragedy.

Twenty-two people were murdered and hundreds injured in the suicide bombing at an Ariana Grande concert at Manchester Arena on 22 May, 2017.

Amounts of between £2,770 and £11.4m were agreed at a hearing on Thursday at the Manchester Civil Courts of Justice for 16 youngsters, all aged under 16 at the time of the attack.

The total amount to be paid comes in at £19,928,150.

Some of the youngsters suffered “catastrophic” and life-changing injuries, and others suffered psychological damage after 22-year-old Salman Abedi detonated a backpack bomb leaving the concert.

The claims were made against, and will be paid by, the defendants in the case – those responsible for the safe and secure running of the arena event.

People hold a minute of silence in a square in central Manchester, on 25 May 2017. Pic: AP
Image:
People hold a minute of silence in a square in central Manchester, on 25 May 2017. Pic: AP

Those contributing to the settlement include: SMG Europe Holdings, which managed the venue; Showsec International Ltd, responsible for crowd management; and British Transport Police (BTP) and Greater Manchester Police (GMP), responsible for policing the area.

A public inquiry into the bombing, led by Sir John Saunders, found that chances to prevent the attack had been missed, and also noted “serious shortcomings” in security and individual failings.

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On Thursday, Judge Nigel Bird approved the 16 claims – agreed between their lawyers and the defendants – as they all involved children or those without mental capacity.

The 16 survivors and their families cannot be identified, due to a court order.

It is understood that following the hearing, claims by another 352 people, all adults deemed to have capacity, including the families of the 22 who lost loved ones, will now be agreed between lawyers for the claimants and the defendants.

Those agreements have been made out-of-court, so no details of any public money to be paid out by public bodies BTP and GMP have been made public.

Pic: AP
Image:
Pic: AP

The four organisations have apologised to the bereaved families and to the survivors, lawyers for the claimants said, and have admitted their failures.

Judge Bird told the hearing: “Each of these cases has a common link, that is injuries and loss suffered, arising out of a single and unimaginable act of terrorism committed on the evening of May 22 2017 at the end of a concert attended by very many young people and their families.”

“The love and care a parent gives to an injured child is beyond monetary value,” he added.

Judge Bird also paid tribute to the “courage, dedication and fortitude” of the families involved in each case, adding: “Each through their quiet determination has brought about promises of change in the hope that in the future, other families need not go through what they have been through.”

After the hearing, a joint statement was issued from the legal teams at Hudgell Solicitors, Slater & Gordon and Broudie Jackson Canter, the three main firms representing the claimants.

Figen Murray, mother of 29-year-old victim Martyn Hett. Pic: PA
Image:
Figen Murray, mother of 29-year-old victim Martyn Hett. Pic: PA

The statement said: “This is not a day of celebration. It is a moment to acknowledge the mistakes that were made and the unimaginable suffering our clients have endured over the past eight and a half years.

“We now expect all parties to honour their commitment to do what they can to prevent those same mistakes from happening again.”

Martyn’s Law, named in memory of Martyn Hett, 29, who was killed in the attack, has since been implemented, to better protect public venues from terror attacks.

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Sources: Mizzou QB Pribula to transfer, skip bowl

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Sources: Mizzou QB Pribula to transfer, skip bowl

Quarterback Beau Pribula is on the move again.

Pribula, who spent this season at Missouri after transferring from Penn State, has informed the Tigers’ coaching staff that he plans to enter the transfer portal, sources confirmed to ESPN on Thursday.

Pribula doesn’t plan to play for the Tigers (8-4) when they take on No. 19 Virginia (10-3) in the TaxSlayer Gator Bowl on Dec. 27 (7:30 p.m. ET, ABC), sources told ESPN’s Pete Thamel.

Pribula, a senior from York, Pennsylvania, helped the Tigers to a 6-1 start this season, with the only loss coming against then-No. 8 Alabama. But then he was hurt early in the third quarter of a 17-10 loss at Vanderbilt on Oct. 25. His left ankle was placed in an air cast and trainers carted him off the field.

Doctors determined that Pribula dislocated the ankle but didn’t fracture it. He missed two games before returning to play in a 17-6 loss at then-No. 8 Oklahoma. He also played in the Tigers’ 31-17 win at Arkansas in Missouri’s regular-season finale.

In 10 games, Pribula completed 67.4% of his passes for 1,941 yards with 11 touchdowns and nine interceptions. He also ran for 297 yards with six scores.

Pribula battled Sam Horn for the starting job in training camp, and both quarterbacks were expected to play in the opener. Horn, however, suffered a fractured right leg on his first play of the game in a 61-6 win against FCS program Central Arkansas and missed the rest of the season.

Freshman Matt Zollers ran the offense when Horn and Pribula were sidelined, and coach Eli Drinkwitz said Thursday that Zollers will start in the Gator Bowl.

Pribula, who was ranked the No. 8 dual-threat quarterback in the class of 2022 by ESPN, spent his first two seasons at Penn State. He left the Nittany Lions before their CFP first-round game in December 2024 after starter Drew Allar announced he was returning in 2025.

CBS Sports first reported Pribula’s intention to transfer.

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Perkins among 4 starters returning to Ole Miss

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Perkins among 4 starters returning to Ole Miss

Ole Miss linebacker Suntarine Perkins, defensive tackle Will Echoles, center Brycen Sanders and defensive back Antonio Kite have committed to returning in 2026, the school announced Thursday.

All four starters have signed deals with the school to return under new coach Pete Golding next year, a source told ESPN, ahead of the Rebels’ first-ever College Football Playoff game.

The Rebels are working to retain their key returning players amid former coach Lane Kiffin’s move to LSU and the impending opening of the transfer portal window on Jan. 2. Kiffin is taking several assistant coaches and staffers with him to Baton Rouge.

Echoles earned second-team All-SEC honors and leads all Power 4 defensive tackles with 26 pressures this season, according to ESPN Research. Perkins was a third-team All-SEC selection in 2024 after recording a team-high 10.5 sacks.

The Rebels are also attempting to bring back star running back Kewan Lacy, the SEC’s second-leading rusher, and starting quarterback Trinidad Chambliss has said he’ll weigh his options if he receives an NCAA waiver for an additional season of eligibility.

Kiffin left for SEC rival LSU on Nov. 30 and will not coach Ole Miss in the CFP. Golding, the Rebels’ defensive coordinator for the past three years, was promoted to permanent head coach.

The No. 6 seed Rebels host No. 11 Tulane on Saturday (3:30 p.m. ET, TNT/HBO Max/truTV) in their first-round game, a rematch of a nonconference meeting the Rebels won 45-10 on Sept. 20.

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