Bitcoin Battles for $10K as Gold Prints Over 7-Year High

By Omkar Godbole

Bitcoin’s attempt to scale the psychological resistance of $10,000 looks to have stalled again, even as gold soars to new highs.

The top cryptocurrency by market value is currently trading around $9,630 at time of writing, representing an over 145% gain on the low of $3,867 registered March 12, according to CoinDesk’s Bitcoin Price Index

However, the cryptocurrency faced rejection near $10,000 early Monday – its third failure to cross info five figures since May 1 – and printed a low of $9,450 during European trading hours. The drop put prices down over 0.5% on the day.

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