Bitcoin briefly topped $10,000 after China's president urged more research into the open-ledger system that underpins cryptocurrencies
Chinese President Xi Jinping highlighted the potential of the technology underpinning digital currencies, fueling a surge in related stocks and bitcoin, which briefly topped $10,000.
Mr. Xi said China should speed up research into blockchain, the open-ledger system that cryptocurrencies rely on, according to a report released by the country’s official Xinhua News Agency on Friday after the local stock market had closed. China’s central bank has been developing its own digital currency.
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