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The value of the popular cryptocurrency Bitcoin on January 29 rose almost 20% and for the first time in two weeks it exceeded $ 38,000. The bitcoin rate began to grow rapidly after businessman Elon Musk mentioned it on Twitter, Reuters reports.
The Tesla and SpaceX founder posted the #bitcoin status hashtag on his Twitter page. In this social network, Musk has 43.8 million subscribers. At 3:42 p.m. Kiev time on January 29, the cost of bitcoin was $ 37,804 (+19.85).
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Other popular cryptocurrencies, Ethereum and XRP, which generally move in tandem with Bitcoin, were also up 7.57% and 9.01%, respectively.
Furthermore, the growth of the cryptocurrency was facilitated by positive reviews about Bitcoin from the director of hedge fund Bridgewater Associates, Ray Dalio, who was previously skeptical about the cryptocurrency.
The financier Dalio stated that bitcoin is an alternative asset like gold. He added that cryptocurrency is a “damn invention.”
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