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Bitcoin touched its highest level in a year on Monday, extending a rally that has seen it rise more than 140 per cent in the year to date and brought it still closer to the $9,000 mark.

The world's largest digital asset by market capitalisation jumped as much as 10.2 per cent to $8,942.58 on Monday, its highest level since May 2018, according to Bloomberg data.

Ethereum, the second-largest cryptocurrency, was up 7.1 per cent over the past 24 hours, according to data from CoinMarketCap.

The latest gains for bitcoin continued a surge that has taken it nearly 70 per cent higher in the month so far and has cheered cryptocurrency enthusiasts, after an outsized single-day gain of close to 20 per cent in early April appeared to exhaust investors' zeal for the digital asset. 

Even so, it remains far below its record high of more than $19,000 last seen in 2017.

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