Bitcoin surged to around $38,500 after the billionaire tech mogul Elon Musk added a #Bitcoin reference to his Twitter bio. With Bitcoin rising as much as 16%, following the tweet, the impact of influencers and celebrities within the crypto space has once again been reaffirmed.

Binance announced that it was having to briefly suspend its withdrawals, on the back of huge retail buying. The CEO of Binance, Changpeng Zhao, cited that a rush of new users had put its systems under…

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