Bitcoin soars on hopes of wider acceptance | Business and Economy News

The surge came on the heels of positive comments from Elon Musk as well as on news of potential use by Amazon, Twitter.

Cryptocurrencies popped to the top of recent ranges as short-sellers bailed out in the wake of a strong week and traders hoped a handful of positive comments from influential investors might signal a turnaround in fragile sentiment.

Bitcoin rose Monday as far as 12.5 percent to hit $39,850 – its highest since mid-June – during the Asia session, while ether hit a…


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