Thursday bitcoin price is nearing $10K

Thursday bitcoin price is nearing $10K

On Thursday morning bitcoin  is up over 3% to $9,8K.

Cryptocurrencies began to recover after the slump in early February. On Thursday morning, for the first time in the last 2 weeks, the bitcoin is closing in on $10K per coin.

Bitcoin increased by 3.6% compared to the dollar up to $9,825.91 at 7.55 a.m. GMT (2.55 a.m. ET).

Experts believe that Bitcoin had finally passed the "bottom" of the fall and returned to sustainable growth. Recent collapse of bitcoin was triggered by decisions of large banks around the world to limit access to cryptocurrency buying.

The London Block Exchange recently writes that bitcoin price could drop because of Lunar New Year, as some families exchange bitcoins to buy gifts.

Nevertheless, bitcoin continues to be one of main topics for discussion in financial world. On Wednesday Charlie Munger, 94-year-old vice chairman of Berkshire Hathaway, called bitcoin "noxious poison". In contrast,  Llew Claasen, the executive director of Bitcoin Foundation, predicted that cryptocurrency will hit $40K by the end of the year.


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