Bitcoin gains another $900 marking a gain of more than 10 percent

Bitcoin new records

Bitcoin was back above $10,000 on Monday morning amid broad gains in the cryptocurrency market.

The biggest cryptocurrency spiked later in the session and was found trading near the $10,300. That is marked an increase of more than $900 or about 10 percent, over 24 hours on Coinbase, which is the leading U.S. marketplace for major cryptocurrencies. Bitcoin was trading off those highs near $10,175.

There was no obvious reason for the gains, other major cryptocurrencies traded slightly higher in the session, Ethereum is up by about 4 percent and was being traded at $863 on Coinbase.

Around the time of the sudden rise of the cryptocurrencies, cross-border currency Exchange Company Circle did announce that they are acquiring Poloniex, which is a leading cryptocurrency trading platform, online releases by both companies about the news did not mention the acquisition price.

Poloniex has been the in the top ten largest cryptocurrency trading platform and is in 7th place with the largest market share of U.S. dollar-bitcoin reading volume, according to CryptoCompare.

Interest the cryptocurrency trading from Japanese investors was slightly greater than it has been recently, sparked by the improvement seen in bitcoin and other digital currencies. The website showed bitcoin is trading in yen accounted for about 51 percent of the volume, while the U.S. dollar trading volume accounted for about 22 percent as of late Monday Morning.


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