Bit-comment: Bitcoin stepped up above $9700

Bitcoin has stepped up on Thursday and in the early morning on Friday. At the moment, the price of the first cryptocurrency has risen to $9700. This is the area of the 13-month highs and within reach of the psychologically important round level $10000.

It is also worth noting that the latest growth momentum is taking place with the support of increased trade volumes, which is evidence of the growth of buyers interest. Correction for small volumes as we saw at the start of the week, and buying on the large volumes, tend to go hand-in-hand with the market rally.

In our case, the growth of stock indices and the weakening of the dollar may further increase interest in alternative investments, such as the crypto market.

The FxPro Analyst Team