$10,000 Today? Bitcoin Price Looks Primed to Break Barrier

Bitcoin’s meteoric gains are continuing unabated, with prices looking like they could pass the psychological milestone of $10,000 today.

The world’s largest cryptocurrency by market capitalization clocked a new lifetime high of $9,9731.51 at 09:00 UTC, as per CoinDesk’s Bitcoin Price Index. That came after blowing past $9,000 over the weekend for the first time – and just over a week after topping $8,000.

As of writing, the bitcoin-U.S. dollar (BTC/USD) exchange rate is trading at $9,630 levels. Going by CoinMarketCap data, BTC has appreciated by 8.24 percent in the last 24 hours. The cryptocurrency is up more than 800 percent on a year-to-date basis.

Trading volumes rose to $5.4 billion yesterday, the highest level since Nov. 13 – adding credence to the rally’s sustainability. Further, Google search volumes for the term “bitcoin” have spiked again…

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