Bitcoin rose above $10,000 late Friday, marking another milestone in the cryptocurrency's recovery.

The alternative currency traded as low as $3,170 in January.

The latest move follows Facebook's  (FB) - Get Report introduction of plans earlier this week for its own cryptocurrency, to be called Libra.

Bitcoin last traded above $10,000 a year-and-a-half ago, on its way down from all-time highs reached in late 2017 which were just short of $20,000.

Whether the current surge can continue is a matter of speculation, though some have noted that the cryptocurrency is seen as a hedge against global volatility.

With U.S. stocks at record levels, and interest rates tumbling, alternative assets are drawing more attention.  The Spyder Gold ETF (GLD) - Get Report has been trading at levels not seen since the middle of 2016.

Facebook is a holding in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells FB? Learn more now.