7/26, 8:50 PM (Source: TeleTrader)
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Bitcoin continues to rise, breaks $40,000 mark

Cryptocurrencies continued the rally on Monday, recovering from the recent sell-off. Bitcoin soared more than 12% to climb north of the $40,000 threshold for the first time since June 16.

The sentiment was seemingly impacted by remarks made by Twitter's Jack Dorsey and Tesla CEO Elon Musk, as well as by City A.M.'s report which signaled that the e-commerce giant Amazon looks to accept crypto as a means of payment by the end of the year.

Bitcoin surged 12.53% at 2:52 pm ET, selling for $39,809, while Ether jumped 8.66% to go for $2,382.56 at the same time.

Breaking the News / BU