Bitcoin rally continues, reaching highest value in 12 months

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A unit of Bitcoin, the world's largest digital currency, leaped in value by 10% yesterday, reaching $8,945. Bitcoin's rally, which has taken it to its highest value since April 20 has given a boost to a clutch of smaller cryptocurrencies. Ethereum, the world's second-largest cryptocurrency, rose 18% and is up nearly 110% in the first five months of the year. Litecoin has risen by 13% in the past 24 hours, with gains so far this year of more than 290%.  The rise comes after several months of incremental increases in value. Last month, Bitcoin leapt 20% in a day, prompting several inves...

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Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.