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Bitcoin Continues Upward Trend, Close to $9,500

Emily Mason

Summary: As of writing, Bitcoin is trading at a weekly high of $9,438 as it shoots out from lows hovering around $8,600 as recently as Tuesday, May 26. Spectators have thier eyes on the $10,000 benchmark as BTC meets mild resistance in the mid 9,000s. BTC daily gains stand at 3.90%. The upswing comes as reports ...

As of writing, Bitcoin is trading at a weekly high of $9,438 as it shoots out from lows hovering around $8,600 as recently as Tuesday, May 26.

Spectators have thier eyes on the $10,000 benchmark as BTC meets mild resistance in the mid 9,000s. BTC daily gains stand at 3.90%.

The upswing comes as reports have surfaced that Grayscale is buying more Bitcoin than is being mined. The $9,400 marker also comes the day after Goldman Sachs released a report rejecting cryptocurrency as an asset class, indicating that the report had no impact on traders. 

By Emily Mason


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