6/29, 9:09 AM (Source: TeleTrader)
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Bitcoin climbs back above $35,000

The price of Bitcoin rose on Tuesday back above the $35,000 mark following last week's selloff that saw the cryptocurrency drop below $30,000.

Earlier this week, the owner of Mexico's Banco Azteca, billionaire Ricardo Salinas Pliego, announced his intention to become the first lender to accept Bitcoin in the country. Salinas Pliego, who also owns Mexico's second-largest TV broadcaster, urged his nearly 1 million followers on Twitter to buy the cryptocurrency as well.

Bitcoin jumped 2.72% to $35,433 at 3:00 am ET.

Breaking the News / JC