Bitcoin climbs on Monday, hitting highest level since mid-August

(CNBC) Crypto prices rallied on Monday, pushing bitcoin to its highest level in more than a month. Bitcoin rose 3% to $27,921. The cryptocurrency traded above the $28,000 mark for much of the day, putting bitcoin at its highest level since Aug. 17, according to data from Coin Metrics. Ether briefly traded above $1,700 before giving back its gains on Monday afternoon.

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