Bitcoin soars 14% after Elon Musk namecheck on Twitter

FILE PHOTO: A representation of virtual currency Bitcoin and small toy figures are placed on computer motherboard in this illustration taken January 7, 2021. Picture is taken January 7, 2021. REUTERS/Dado Ruvic/File Photo

LONDON (Reuters) - Bitcoin jumped as much as 14% on Friday to a two-week high after Tesla Inc chief Elon Musk tagged the cryptocurrency in his Twitter biography.

Musk wrote simply "#bitcoin" in his biography on the social media site. The world's biggest cryptocurrency was up 10.2% at $36,901 as of 1005 GMT.