RATE Group | Bitcoin surpasses $8,000 to hit two-month high
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Bitcoin surpasses $8,000 to hit two-month high

24 Jul Bitcoin surpasses $8,000 to hit two-month high

Posted at 11:06h in Bitcoin News by

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LONDON (Reuters) – Bitcoin, the world’s best-known cryptocurrency, shot past $8,000 on Tuesday for the first time in two months on signs of growing institutional interest in virtual coins.

FILE PHOTO: The Bitcoin logo is seen on a pillow on display at the Consensus 2018 blockchain technology conference in New York City, New York, U.S., May 16, 2018. REUTERS/Mike Segar

Recent reports about impending approval in the United States for a cryptocurrency exchange traded fund (ETF) have helped bolster demand recently, as have comments by BlackRock’s (BLK.N) Chief Executive Larry Fink last week that the world’s biggest investment firm was looking at cryptocurrencies.

Bitcoin rose to at high as $8,130 on the Luxembourg-based Bitstamp exchange BTC=BTSP, its highest since May 22. The prices of other digital currencies also edged higher but most remain lower than a week ago, according to Coinmarketcap.com.

After peaking at close to $20,000 in December, bitcoin has lost more than half…

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