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The Tell: Bitcoin trades higher as equities bounce around

Cryptocurrency prices climbed Friday, with the No.1 digital currency, bitcoin, trading to around a weekly high at $8,720.

After the previous day’s rally, which pushed bitcoin BTCUSD, +3.42% more than 30% off Tuesday’s three-month low of $5,947.40, gains have been harder to come by with bitcoin trading on either side of $8,000 for the past 72 hours. “Breaking $10k isn’t even out of the realm of possibility,” Jani Ziedins said in a note Friday.

Ziedins warned that investors should be cautious, however, about chasing gains.

A late move higher Friday pushed bitcoin out of its tight range as crypto investors finished the week on a positive note.

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