“What some people have pointed to is that because they’re using distributed ledger technology and they’re calling it a cryptocurrency, that could have a positive effect on the industry,” said Mati Greenspan, senior market analyst at eToro in Tel Aviv. Bitcoin climbed as much as 3.1 percent Tuesday to $3,970. At least one measure followed by technical analysts suggests Bitcoin has more room to run, with the digital token in a solid buy trend for the first time since mid-December.
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