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Bitcoin surged early on Friday after Elon Musk tagged the cryptocurrency in his Twitter biography.
The worth of bitcoin
BTCUSD,
+11.81%
was final up 11% at $36,955, based on CoinDesk costs, after the Tesla
TSLA,
-3.32%
Chief Government appeared to precise assist for the cryptocurrency. After altering his Twitter
TWTR,
+7.01%
bio to #bitcoin, he then tweeted “On reflection, it was inevitable.”
Earlier this week, Musk waded into the battle between brief sellers and retail merchants over videogames retailer GameStop
GME,
-44.29%,
tweeting a hyperlink to Reddit’s WallStreetBets discussion board together with the phrase “Gamestonk!!”
