Bitcoin soars 10% to 1-1/2 year high

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October 23, 2023 7:55 PM EDT

FILE PHOTO: Bitcoin logo, representation of cryptocurrencies and rising stock graph are seen in this illustration taken, July 7, 2022. REUTERS/Dado Ruvic/Illustrations/File Photo

SINGAPORE (Reuters) - Cyrptocurrency bitcoin leapt as much as 14% to a 1-1/2 year high of $34,283 in early Asia hours on Tuesday, on speculation that the U.S. could soon approve a bitcoin exchange-traded fund.

Bitcoin was last up 10% at $33,030. Smaller rival ether was up 6% at $1,763.

(This story has been corrected to fix the milestone to 1-1/2 year instead of 2-1/2 year in the headline and paragraph 1)

(Reporting by Tom Westbrook; Editing by Christopher Cushing)


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