Bitcoin Struggles to Recapture $10,000 as Most Cryptocurrencies Rise

Investing.com – Cryptocurrencies were trading mostly higher on Friday, though Bitcoin was having trouble recapturing the $10,000 mark.

The largest digital currency by market cap briefly recovered the psychological level in trading on Thursday, before paring gains.

It took another run at $10,000 on Friday achieving a brief breach of the handle, but indecision seemed to make investors think twice, paring gains to back below $10,000 despite gaining around 3% on Friday.

Easing regulatory fears provided a stable backdrop for a sharp move higher throughout the week in the popular digital currency with other rivals swept along in a generally bullish move.

Rising inflows into the market continued amid fading regulatory fears after South Korea appeared to pivot toward more ‘friendly’ approaches to regulate the crypto industry.

“We are positively considering the adoption of an exchange approval system as the additional regulation on cryptocurrencies,” a South Korean government official said this week, according to a report from BusinessKorea. “We are most likely benchmark the model of the State of New York that gives a selective permission.” […]

Read Full: Bitcoin Struggles to Recapture $10,000 as Most Cryptocurrencies Rise