Bitcoin tops $40,000 as traders get boost from high-profile investors
Traders drew confidence from recent positive comments about the cryptocurrency by high-profile investors
 "Bitcoin")
Photo: Bloomberg
Bitcoin broke above $40,000 on Wednesday and headed for another attempt at breaking from its monthslong range as short sellers bailed out and traders drew confidence from recent positive comments about the cryptocurrency by high-profile investors.
Bitcoin was last up 1.7% at $40,149 while rival cryptocurrency ether rose 1% to $2,328. Bitcoin is within a whisker of rising through its 100-day moving average.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Topics : Bitcoin cryptocurrency Bitcoin surge
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First Published: Jul 28 2021 | 11:02 AM IST