The psychological barrier of 10,000 USD crossed, bitcoin continues its rise

After the price of bitcoin returned above $ 10,000, for the first time in more than two weeks, the most popular virtual currency continues to grow, unlike other cryptocurrencies.

The price of virtual currency Bitcoin continued its rise Friday after crossing the psychological bar of $10,000, according to market data.

Around 04:58 GMT, the bitcoin was trading against 10,058 dollars, taking more than 3.3%, according to the portal CoinMarketCap. The price of cryptocurrency has increased by 2.8%, up to $ 9,973, on the Bitfinex platform, the largest digital currency exchange platform in the world, and by 3.2%, up to $ 9,940, on the OKEx trading platform.
The other virtual currencies are experiencing a negative dynamic. Thus, the Ripple , known as XRP, lost 2.5% to trade at $ 1.12, while the price of Ethereum fell 0.7% to 929.44 dollars, according to CoinMarketCap.

Capitalization of the cryptocurrency market is also down, totaling $ 475.37 billion. Bitcoin’s share at present is about 36% for the entire cryptocurrency market, the Ethereum market is 19% and the Ripple market is 9%.

Last week, bitcoin suffered significant losses, its value quickly falling to $ 6,000. This fall is taking place against a backdrop of numerous restrictions on the cryptocurrency trade of global banking groups and authorities in several countries.

Fergus Reynolds

Fergus Reynolds joined Crypto Daily Gazette as managing editor in January of 2018 and is helping to lead the digital media startup’s next phase of expansion. A veteran business journalist with more than 10 years experience economics, Fergus has published content for Huff Post and Buzz Fee and was among the earliest journalists covering bitcoin and the innovations it later inspired. Fergus tells us he has “several” bitcoins.

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Fergus Reynolds

About the Author: Fergus Reynolds

Fergus Reynolds joined Crypto Daily Gazette as managing editor in January of 2018 and is helping to lead the digital media startup's next phase of expansion. A veteran business journalist with more than 10 years experience economics, Fergus has published content for Huff Post and Buzz Fee and was among the earliest journalists covering bitcoin and the innovations it later inspired. Fergus tells us he has “several” bitcoins.

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