July 24, 2018 / 10:56 AM / 4 months ago

Bitcoin breaks above $8,300 to two-month peak

FILE PHOTO: A cryptocurrency mining computer is seen in front of bitcoin logo during the annual Computex computer exhibition in Taipei, Taiwan, June 5, 2018. REUTERS/Tyrone Siu/File Photo - RC13302BABD0

(Reuters) - Bitcoin rose above $8,300 (6,327 pounds) on Tuesday to its highest level in two months, prompted by recent reports about impending approval in the United States for a cryptocurrency exchange-traded fund, which have helped bolster demand in recent sessions.

Bitcoin, the biggest and best-known virtual currency, was last up 6.33 percent at $8,198.04 on Luxembourg-based Bitstamp exchange.

Ethereum, the No. 2 digital currency, climbed in step with bitcoin to its highest in five sessions. It was last up 4.79 percent at $470.66 on Bitstamp.

Reporting by Richard Leong in NEW YORK, Tom Finn and Tommy Wilkes in LONDON; Editing by Frances Kerry

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