Bitcoin soars 11% after Elon Musk namecheck on Twitter

Bitcoin jumped as much as 11% on Friday, touching its highest for 10 days, with traders citing a move by Tesla Inc chief Elon Musk tagging the cryptocurrency in his Twitter biography.

Musk wrote simply "#bitcoin" in his biography on the social media site. Bitcoin hit as high as $37,060, and was last up 10% at $36,711.