Bitcoin is threatening to reclaim the $1,000 level after crashing below it earlier this year. The cryptocurrency was higher by 0.9% at $994.18 a coin as of 7:15 a.m. ET.
It’s been a wild year 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 Donald Trump’s presidency. The cryptocurrency has gained nearly 10% since Trump was inaugurated on January 20.