Bitcoin (BTC-USD) spiked by more than 10% on Friday, joining cryptocurrencies in a broad relief rally as investors cheered constructive remarks from officials about the industry’s regulation.
Battered by developments in China and a volatile environment for risk appetite, digital currencies had a rough September. However, signals this week from U.S. regulators also appear to have given sentiment a boost, sending Bitcoin to its biggest intraday rally since July.
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