Bitcoin rallies to its highest level since mid-May | Business
Bitcoin has broken through the $40,000 level again as the world’s largest cryptocurrency rebounds from the sell-off it suffered in recent months.
Investors in the digital asset have endured a rollercoaster ride, with the price starting the year at less than $29,000 and then rising above $64,000 in April only to fall back below $30,000.
It was trading up 1.3 per cent at around $41,200 last night, its highest level since the middle of May.
It has been buoyed by renewed hopes that it will achieve widespread adoption. A job advert rom Amazon seeking a digital currency expert for its “payments acceptance” team fuelled rumours that the American ecommerce giant was poised to start accepting cryptoassets, although the company has since denied this is the
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