Bitcoin soars to five-month high on seasonal factors, Soros news

By Gertrude Chavez-Dreyfuss
FILE PHOTO Representations of the Bitcoin cryptocurrency are seen in this illustration picture taken June 7 2021. REUTERSEdgar SuIllustration

FILE PHOTO: Representations of the Bitcoin cryptocurrency are seen in this illustration picture taken June 7, 2021. REUTERS/Edgar Su/Illustration

NEW YORK (Reuters) -Bitcoin surged on Wednesday to its highest level in five months, as market sentiment continued to improve due in part to news a hedge fund controlled by billionaire investor George Soros trades bitcoin.

Investors also expect a seasonal rally in cryptocurrencies this quarter.

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