Bitcoin Surged Above $10,000 Today, Lifting Grayscale Bitcoin Trust 17%

Shares of Grayscale Bitcoin Trust (OTC: GBTC) jumped 17% on Monday, as the price of bitcoin leaped above $10,800. 

Bitcoin's price rallied well above the key psychological threshold of $10,000, reaching prices the popular cryptocurrency hasn't hit in nearly a year. The gains come as the U.S. government pumps trillions of dollars of stimulus funds into the financial markets to ward off a deep and prolonged recession during the coronavirus pandemic.

Image source: Getty Images.

Continue reading

Source Fool.com