As of 5:25 a.m. ET on Tuesday, bitcoin had jumped 13% over the last 24 hours to $43,163, according to cryptocurrency tracker CoinDesk.
Other cryptocurrencies moved higher, too. Ethereum climbed 10% Tuesday to reach $2,878. Dogecoin rose nearly 6% to about 13 cents apiece.
Virtual currencies are traditionally seen as a risky bet, but as conventional assets experience curbs or greater volatility because of geopolitical tensions, some analysts believe they will gain more traction.
According to…
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