Bitcoin jumps by more than 4% above $10,000

Bitcoin jumped by more than 4% in spot trading today, to extend gains for the second straight day, to trade again above the $10,000 barrier, as demand improved, especially after the official announcement of Bakkt's launch date, which is the largest platform for Bitcoin futures.

At Bitstamp, Bitcoin rose by $435 or 4.2%, to $10,753, from the opening of $10,318, with a low of $10,267.

Bitcoin rose 1.1% on Sunday, its third gain in the last four days, within its attempts to recovery from 2-week low at $9,467.

Bitcoin shed 10.5% over the past week, its first weekly loss in the last three weeks, due to regulations concerns in the US.

These concerns were renewed after the US Securities and Exchange Commission (SEC) delayed its decision on the launch Bitcoin ETFs offered by VanEck, Bitwise and Phoenix.

The total market cap of cryptocurrencies rose by about $7 billion to a total of $279 billion, with most cryptos rising led by Bitcoin.

Bakkt CEO Kelly Loeffler, announced launch date of the platform at September 23rd, after it got approved in the United States.

Bakkt, which is the world's largest digital platform for Bitcoin futures, began trial operations on July 22 and aims to provide the confidence that crypto exchanges lack in providing financial services to institutional investors.

The Bakkt platform was scheduled to launch during the first quarter of this year, but the delay was due to consultations with the US Commodity Futures Trading Commission, as the platform will settle its futures using Bitcoin instead of paper currencies.