Cryptocurrencies
Bitcoin Hits Key Level Not Seen Since May Amid Wood, Musk Boost
- Largest cryptocurrency retakes its 50-day moving average
- Comments from Ark, Tesla, Square CEOs may have aided momentum
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Bitcoin traded above a crucial technical level over the weekend for the first time since early May, after comments from Ark Investment Management LLC’s Cathie Wood and Tesla Inc. Chief Executive Officer Elon Musk helped boost its momentum.