- Bitcoin briefly surges more than 9 percent Wednesday after news that Square's payments app Cash is testing support for the digital currency.
- The gains brought bitcoin within 10 percent of its record high hit last Wednesday.
- However, the controversy over the best way to improve bitcoin's transaction speeds and costs remains unresolved.
The digital currency briefly surged more than 9 percent Wednesday to a high of $7,251.81, according to CoinDesk. That's within 10 percent of its record high of $7,879.06 hit last Wednesday. Bitcoin had fallen 30 percent below that record over the weekend amid controversy over the digital currency's future.
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