Bitcoin rises 9% to 10-day high above $9,000

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  • Bitcoin climbed 9.7 percent to $9,346, its highest since Feb. 4, according to CoinDesk’s bitcoin price index, which tracks prices from four major exchanges.
  • The latest reports about South Korean regulation marked a toned-down approach, in contrast to fears in the last several weeks that the government would close down cryptocurrency exchanges.
  • Analysts also said that comments by financial regulators last week before the Senate Banking Committee that balanced regulation with consumer protection are helping prices recover.
  • Bitcoin remains more than 30 percent lower for the year so far.

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