id author title date pages extension mime words sentences flesch summary cache txt www-cnbc-com-1578 Bitcoin briefly tops $40,000 for first time since June .html text/html 1114 150 72 Bitcoin briefly surged above $40,000 for the first time in nearly six weeks as sentiment turned bullish following a recent sell-off. Bitcoin surged above $40,000 for the first time in nearly six weeks on Monday as sentiment turned bullish following a recent sell-off. The cryptocurrency traded above the key level briefly, reaching $40,245 by 3:30 p.m. ET, according to Coin Metrics data. The moves in the cryptocurrency's price comes after bitcoin recently fell below $30,000 after a global sell-off in stocks, sparking fears that it could plunge even further. In May, Tesla suspended vehicle purchases using the cryptocurrency out of concern over theƂ "rapidly increasing use of fossil fuels for bitcoin mining." "The Chinese trading day has opened up, and the Elon/Jack/Cathie talk was super bullish," said Alex Brammer of Luxor Mining, a cryptocurrency pool built for advanced miners. Read more about cryptocurrencies from CNBC Pro Global Business and Financial News, Stock Quotes, and Market Data and Analysis. ./cache/www-cnbc-com-1578.html ./txt/www-cnbc-com-1578.txt