Ticker

Bitcoin has climbed roughly 5% over the past week, recovering toward $74,900 after a difficult stretch that left the asset down about 15% year to date.

Over the years, Gold and Bitcoin ( CRYPTO: BTC ) have been fighting over the “best inflation hedge” title, and depending on the angle you decide to argue from, both assets make a pretty good case.

ProShares Bitcoin ETF (NYSEARCA:BITO - Get Free Report) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totaling 18,171,004 shares, a decrease of 22.1% from the March 15th total of 23,338,345 shares. Currently, 9.6% of the company's shares are short sold.

Bitcoin on Tuesday tested a key level that has blocked gains for months, as technical analysts watched for signs that the cryptocurrency may finally be ready to break out.

For the first time since mid-March, Bitcoin ( CRYPTO: BTC ) is back above $75,000.