Bitcoin surges 10%, leading cryptocurrency market rally

Bitcoin rose above above $47,500 on Friday, with the top 20 cryptocurrencies almost all in the green, as El Salvador said it mined its first bitcoin using volcano energy, while the U.S. Federal Reserve chair Jerome Powell said on Thursday that he has “no intention” to ban cryptocurrencies. Bitcoin (BTCUSD) was up 10% over the past 24 hours, recently trading at $47,572. Cardano (ADAUSD) and Binance Coin, the third and fourth largest cryptocurrencies by market capitalization, went up 7.5% and 11%, respectively, over the past 24 hours.


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