Bitcoin Putting $10.5K Within Reach

Bitcoin jumped above $ 10,000 for the first time since early June after the recent quiet price action. The cryptocurrency traded at $ 10,196.27, up more than 2.55% on the day. Bitcoin crossed the $ 10,000 barrier on June 3 but has since fallen and has remained steady, but for the past seven days, it has increased by 11%.

While Bitcoin was higher last week, the leading Wall Street indices, including the S&P 500 were lower. However, gold continued to rise, hitting a record on Monday and looking at gold as a safe asset for investors at a time of uncertainty.

Bitcoin is sometimes called “digital gold” if it is treated in the same way by pro investors as it is safe trading, Bitcoin tends to trade near the stock markets recently, and it is known for its vast volatility.