2018-7-25 00:15 |
The last time bitcoin traded above that key level was May 23.
The digital currency is up more than 20 percent in the past week, mostly buoyed by reports of institutional investor interest.
Last week, BlackRock confirmed it assembled a working group to look into cryptocurrencies and its underlying technology, blockchain.
Speculation that a bitcoin ETF will be approved by the SEC in August has also boosted sentiment in the past month.
South Korea set up a government department last week aimed at creating policy initiatives around financial technology and cryptocurrencies.
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