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Bitcoin Surges 11% After Tesla’s Elon Musk Namecheck on Twitter

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LONDON– Bitcoin, the leading cryptocurrency in the world, jumped as much as 11% on Friday, touching its highest for 10 days, with traders citing a move by Tesla Inc chief Elon Musk tagging the cryptocurrency in his Twitter biography.

Musk wrote simply “#bitcoin” in his biography on the social media site. Bitcoin hit as high as $37,060, and was last up 10% at $36,711.

SOURCE: REUTERS