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Why Bitcoin Is Surging Today

TheMotleyFool

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Bitcoin (CRYPTO: BTC) is posting substantial gains in a day of rebound trading for the broader crypto market. The cryptocurrency's token price had risen 2% over the previous 24 hours of trading, as of 5 p.m. ET Monday.

Bitcoin and other cryptocurrencies are moving higher today as investors make trades in response to signs that some key risk factors could be moderating. With recent rebound momentum, Bitcoin has now cut its valuation loss over the last week to approximately 7%.

Image source: Getty Images.

Source Fool.com

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