Bitcoin broke above $40,000 on Wednesday and headed for another attempt at breaking from its months-long range as short-sellers bailed out and traders drew confidence from recent positive comments about the cryptocurrency by high-profile investors.
Bitcoin was last up 1.7 per cent at $40,149 while rival cryptocurrency ether rose 1 per cent to $2,328.
Bitcoin is within a whisker of rising through its 100-day moving average.
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