Bitcoin Flirts With $10,000 After China Endorses Blockchain
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Bitcoin jumped on Monday, bringing its rally since Thursday to 26%, after China’s government threw its backing behind the digital coin’s underlying ledger technology.
The most-traded cryptocurrency briefly exceeded $10,000 over the weekend, a level it hadn’t touched in more than a month, and surged on Monday to $9,934 before trimming its gain. The wider Bloomberg Galaxy Crypto Index, which tracks the largest digital currencies, advanced to a five-week high on Monday.