Bitcoin hits unprecedented key level since May amid wood and musk



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Bitcoin traded above a crucial technical level over the weekend for the first time since early May, after comments from Cathie Wood of Ark Investment Management LLC and Tesla Inc. CEO Elon Musk, helped fuel his momentum.

The largest cryptocurrency broke its 50-day moving average on Saturday for the first time since May 12. It rose again on Sunday, its fifth consecutive day of earnings, to $ 34,609.

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