Bitcoin surges toward US$40,000 level


Bitcoin got a boost when Elon Musk -- at "The B Word” conference on Wednesday.

HONG KONG: Bitcoin surged on Monday in Asia to nearly $40,000, extending a recent recovery.

The largest cryptocurrency rose as much as 15% to $39,681 before paring some of the climb. It was at about $38,100 as of 9:13 a.m. in Hong Kong. The token climbed above its 50-day moving average over the weekend.

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Bitcoin , Elon Musk , SpaceX Inc

   

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