Investing.com - Bitcoin surged more than 8% on Monday in Asia to above the $11,000 level for the first time in almost a month.

The reasons for the gains were unclear, but some analysts said it could be a technical rebound, according to analysts at CoinDesk.

Max Keiser, a former Wall Street trader and host of the RT program Keiser Report, said that he believes Bitcoin will break $15,000 this week.

In a tweet, Keiser said that he is “sensing #Bitcoin will cross $15,000 this week.”

Confidence in governments, central banks and centralized fiat money are at the lowest level they have been in decades, he said.

Prices of other major cryptocurrencies also gained today. Ethereum rose 4.8% to $227.52, XRP climbed 2.6% to 0.32143, while Litecoin traded 3.1% higher to $94.651.

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