Bitcoin Tops $47K After Tearing Through $45K, $46K in Tesla-Fueled Rise

In a run reminiscent of bitcoin’s stunning ascent in early January, the price of leading cryptocurrency blew past $45,000, $46,000 and $47,000 in less than an hour on Monday evening, driven by Tesla’s announcement that it had bought $1.5 billion of bitcoin.

UPDATE (Feb. 8, 23:35 UTC): Updates to add bitcoin passed $46k for the first time.

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