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Bitcoin hits one-month peak topping $38,000 on fresh Tesla support

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Bitcoin rebounded sharply on Monday, hitting a one-month peak above $38,000, as US electric carmaker Tesla expressed fresh support for the world's most popular cryptocurrency.

Bitcoin surged 10.6 percent to reach $38,145 at about 0850GMT, as investors cheered the supportive comments from Tesla tycoon Elon Musk.

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Read more: ‘I pump but don’t dump’ bitcoin, says Tesla founder Elon Musk

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