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Bitcoin Climbs as Big-Name Investors Start Taking an Interest

Bloomberg

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Bitcoin headed for its biggest increase in two weeks on Monday amid a steady drip of news reports suggesting some of the biggest names in investing are starting to embrace digital currencies.

The largest crypto-coin advanced 3 percent to $6,371. Rival coins Ripple, Ethereum and Litecoin all climbed at least 2 percent. Bitcoin

Last week, billionaire investor Steven Cohen was said to have put money into a hedge fund focusing on cryptocurrencies and blockchain-based companies. In Europe, the owner of Switzerland’s securities exchange in Zurich said it’s creating a platform for trading digital assets.

Source: Bloomberg

Chart: Used with permission of Bloomberg Finance L.P.

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