Bitcoin back above $10,000 for first time since September
Cryptocurrencies continue their rally in 2020
From the Equity Insider archive. This article dates from Feb 10, 2020 and is preserved as first published.
Cryptocurrencies continue their rally in 2020
The price of bitcoin topped $10,000 on Sunday for the first time since September, as the leading cryptocurrency continues its rally in 2020.
Bitcoin BTCUSD, -2.58% was at $10,129 late Sunday, according to Coindesk, after surging more than 41% year to date. Bitcoin’s market cap has risen to $183.4 billion, according to Coinmarketcap.com.
58% was at $10,129 late Sunday, according to Coindesk, after surging more than 41% year to date.
Other cryptocurrencies have gained as well, with ethereum ETHUSD, -3.06% up 20% over the past five days and nearly 78% higher year to date. So far in 2020, Ripple XRPUSD, -2.99% is up 49%, bitcoin cash BCHUSD, -0.34% is 121% higher and Litecoin LTCUSD, -3.68% is up 88%.
From January: Bitcoin prices are kicking off 2020 just like they ended 2019 — outperforming the stock market
“This breakout is the real deal. Fundamental investment activity is backing this $10k breakout,” Willy Woo, general partner at Adaptive Capital, tweeted Sunday about bitcoin’s bull run.
The crypto rally coincides with new record highs on Wall Street; while all three benchmark indexes — the Dow Jones Industrual Average DJIA, -0.94% , the S&P 500 SPX, -0.54% and the Nasdaq Composite COMP, -0.54% — retreated Friday, they closed Thursday at new highs.
