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International Business Times
International Business Times
Business
AFP News

Bitcoin Soars Past $40,000 On Optimism For US Trading Approval

Bitcoin is the world's biggest cryptocurrency (Credit: AFP)

Bitcoin on Monday rose past $40,000 for the first time since May last year, boosted by hopes that the United States will soon allow broader trading of the world's biggest cryptocurrency.

The digital asset has skyrocketed this year, gaining nearly 150 percent, with expectations growing that US regulators will allow the creation of exchange-traded funds (ETFs).

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