Bitcoin price today surged above $40,000 for the first time since mid-June. Elon Musk Effect?

The price of bitcoin rose above $40,000 on Wednesday for the first time since June 16. The world’s most popular cryptocurrency was trading at $40,094.84 at 1130 hrs IST on the coinmarketcap.com index on July 28. The popular cryptocurrency has soared following speculation that Amazon may soon start accepting payments in bitcoin, ether, and other cryptocurrencies.

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