Bitcoin is on the verge of breaking through $1,000

Bitcoin is threatening to reclaim the $1,000 level after crashing below it earlier this year. The cryptocurrency is higher by 0.9% at $994.18 per coin as of 7:15 a.m. ET.

It’s been a wild year so far for bitcoin. It began 2017 with a 20% rally during the first five days of the year before crashing 35% on concerns of a crackdown on trading in China.

Thursday’s gains have extended Bitcoin’s winning streak to a sixth straight session as trade appears to be benefitting from uncertainty surrounding the Trump presidency. The cryptocurrency has gained nearly 10% since Trump was inaugurated on January 20.


NOW WATCH: Here’s how to use one of the many apps to buy and trade bitcoin