Bitcoin rose to $11,405.09 on Monday, according to Coindesk. Bitcoin retook the $10,000 mark last Thursday. Bitcoin Investment Trust(GBTC) rose sharply last week in sympathy with Bitcoin and other digital currencies, Overstock.com (OSTK) also rallied while Riot Blockchain (RIOT) tumbled on a CNBC investigation.
Bitcoin had plunged from around $20,000 in late December following a climax run and as regulators around the world, especially South Korea and China, stepped up curbs and rhetoric vs. cryptocurrencies. Bitcoin rebounded from its 200-day line on Feb. 6, the same day as U.S. financial regulators expressed caution vs. Bitcoin but didn’t signal a move toward banning or severely restricting cryptocurrency trading.
Read more: https://www.investors.com/news/bitcoin-tops-11000-ethereum-founder-warns-on-cryptocurrencies/