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Bitcoin soared on Monday to approach $ 40,000, a rally some attribute to traders abandoning bets on declines as well as ongoing speculation on The potential involvement of Amazon.com Inc. in the cryptocurrency industry.
The largest crypto rose 15% to $ 39,681 before cutting some of the rise to trade at around $ 38,100 at 10:58 a.m. in Hong Kong. Other virtual coins have also rallied, notably Ether, which ranked second.
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