Bitcoin and other cryptocurrencies jumped suddenly Friday, a day after Federal Reserve Chairman
Jerome Powell
said the U.S. didn’t have plans to ban cryptocurrencies.
Bitcoin rose 9.4% from its 5 p.m. ET value on Thursday to $47,528.91, its highest level in almost two weeks. Ether, the second-largest cryptocurrency by market value, gained 8.7% to $3,230.46 over the same period.
There was no obvious catalyst for…
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