Bitcoin jolts to life, climbing by $1,000 in an hour

Bitcoin's price has just rocketed up by more than 13 per cent to its highest price in two weeks.

The cryptocurrency broke past the $7,000 and $8,000 barriers in a matter of about an hour for the first time since the end of March.

At the time of writing, bitcoin was down from its high of $8,055.20 but was trading up 13.10 per cent at $7,848.88 a coin, according to Coindesk's aggregate index.

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