Cryptocurrencies rallied to offset some of the losses made in the last week, mirroring the two tech stock indices as Elon Musk reached a deal to buy Twitter. Bitcoin, the largest coin by market cap, gained 4.06% to US$40,572, its highest value in four days. The cryptocurrency is trading just above its key support level, having dropped as low as US$38,338 yesterday. Ethereum also climbed, up 5.55% to US$3,001. Like Bitcoin, it is trading just above its key support level of US$3,000, and at its highest level since Thursday.
The Crypto Report: Cryptocurrencies rally as Elon Musk strikes Twitter deal
