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    Bitcoin market cap tops $128 billion

    Jessica Sier
    Jessica SierNorth Asia correspondent
    Updated

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    Institutional investors are avoiding Bitcoin, saying it is the most crowded trade in global markets.

    On Monday, the crypto-currency experienced a surge in trading volume that boosted it to $7710 a coin ($US6026) and surpassed a market capitalisation of $127.9 billion ($US100 billion) for the first time in its history.

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