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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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The Oldest Member Of Congress Is Facing Calls To Resign, But Has Agreed To Step Back From An Influential Committee

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Under pressure to resign the seat she has held for more than 30 years, Sen. Dianne Feinstein announced Thursday that she wants to temporarily step away from an important Senate committee because of continued ill health.

The 89-year-old California Democrat, who is the oldest member of Congress, has been away from the Senate since February because of a shingles diagnosis, missing some 58 votes. 

The senators spokesperson told the San Francisco Chronicle this week that she had been working at home while she recovers from the virus. 

But with the Senate set to reconvene on Monday after a two-week recess, there had been fears that her continued absence would halt work in the Judiciary Committee of which she is a member. 

After narrowly losing control of the House of Representatives to Republicans in last years midterm elections, President Joe Biden has been under pressure to continue to use the Democrats Senate majority to continue confirming as many federal judges as possible.

Given the Democrats slim majority, the committee hasnt voted on any new nominees to the federal bench since Feb. 16. Under current rules, a tied vote in committee means a nominee cant advance to a vote in the full Senate. 

Sen. Dick Durbin, the Illinois Democrat who became chair of the Judiciary Committee when Feinstein relinquished the role after criticism from activists, told Politico last month that he was anxious because they could not move new nominees forward without Feinstein returning. 

In a statement late Wednesday, Feinstein said she had expected to return to work by the end of March, but that continued complications had prevented her. 

I intend to return as soon as possible once my medical team advises that its safe for me to travel, she said in the statement. In the meantime, I remain committed to the job and will continue to work from home in San Francisco.

Acknowledging that her absence was complicating things for her colleagues, Feinstein said that she had asked Senate Majority Leader Chuck Schumer to appoint another Democrat to the committee temporarily.

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Montana Lawmakers Have Voted To Ban TikTok

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Montana lawmakers passed a bill on Friday banning TikTok from operating in the state amid growing concerns about the app’s suspected ties to the Chinese government.

The bill was passed by the state House in a 5443 vote and now heads to Gov. Greg Gianforte’s desk. If Gianforte signs it into law, Montana will become the first state to ban the app outright. (Both the federal government and many states, including Montana, have already forbidden the app on government devices.)

The legislation, which would take effect on Jan. 1, 2024, prohibits mobile app stores from offering TikTok to users and enacts penalties of $10,000 for each violation and an additional $10,000 fee for each day the violation continues.

Coming as some members of Congress call for a complete nationwide ban on the app, the move by lawmakers in Montana will likely lead to legal challenges and expose the technological difficulties of barring access to the platform, which has 150 million active users in the US.

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NYC grocers gripe over fruit vendors so close to stores: 'Pick off our customers'

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City grocery-store owners are blasting Big Apple officials for allowing licensed fruit and vegetable vendors on the same block as their shops — in some cases fewer than 30 feet away — eating into their profits.

In Forest Hills, Queens, a fruit and vegetable stand is located just 25 feet from a Key Food supermarket on the northern side of Queens Boulevard between 71st Avenue and 71st Road.

“They know they can pick off our customers,” fumed Nelson Eusebio, political director of the National Supermarket Association, which reps 600 Key Food, C-Town, Associated, Bravo and other grocers in the city.

The window alongside the Key Foods has pictures promoting the sale of blueberries and asparagus — while the vendor sells the same fruit and veggies within eyeshot.

It’s just one one example of vendors and grocers operating almost cheek-to-jowl.

There are about 500 licensed fruit and vegetable vendors across the city aimed at providing fresh produce to neighborhoods that lack access, according to the city Health Department, which regulates them.

Fashionable Forest Hills is not a neighborhood with limited access to healthy fruit and vegetables, so to allow such streetside competition is unfair, grocers say — noting the overhead costs they have to pay such as for unionized labor, property and utility bills.

“This is a big burning issue,” Eusebio said. “We’re not against the vendors making a living. But don’t put them next to any store. It’s gotten out of hand.”

Gristedes owner John Catsimatidis said permitting food vendors to locate so close to his stores “destroys our produce department.”

He said it’s just another example of New York being anti-business.

“Business is down. Shoplifting is up,” Catsimatidis said. “A lot of drugstores have closed. Maybe the grocery stores will close.”

Catsimatidis joined Eusebio in lamenting that neither Mayor Eric Adams’ administration nor the City Council have addressed the gripes.

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Forest Hills shoppers were divided on the grocers vs. vendor spat.

Paula, 75-year-old retiree who shops at both, sided with the vendors, saying she has a limited income and needs to watch her spending.

Forest Hills is very, very expensive,” Paul said. “Key Food has everything, but prices are high. At the fruit stand, lemons are cheaper, broccoli is cheaper, tomatoes are cheaper, grapes are cheaper.”

Dont blame the vendor. Theyre looking to survive,” she said. “These supermarkets make a lot of money. They’re selling a ton of products. They make money on everything.

But Shawn, a Forest Hill office worker, said he doesn’t shop at fruit stands and agreed with grocers that putting vendors on the same block is unfair competition.

“Theyre taking business from the supermarket. They should give a percentage of the business to the supermarket,” he said.

The fruit and veggie vendors pay a $200 annual permit to operate, plus $300 to $500 to store their carts — though some keep their tables on sidewalks 24-7.

“It’s definitely competition, but it’s not unfair competition,” said Matthew Shapiro, legal director of the Food Vendor Project of the Urban Justice Center, an advocacy group.

“It’s true that grocery stores have a lot of expenses, a lot of overhead. But they got a lot in return. Vendors get a fraction of the return. We got vendors, farmers’ markets, grocery stores. There’s something for everyone,” he said.

The city Health Department defended the food-vendor program and brushed off complaints of grocers regarding location.

“Its important for communities to have a good mix of supermarkets, bodegas, farmers markets, green carts, etc. Its easier to make healthy choices when healthy, affordable food is readily available,” a Health Department spokesman said.

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