Cryptos: Bitcoin back above $10,000 for first time since September

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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, +0.71%   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.

Other cryptocurrencies have gained as well, with ethereum ETHUSD, +1.00%   up 20% over the past five days and nearly 78% higher year to date. So far in 2020, Ripple XRPUSD, +0.86%   is up 49%, bitcoin cash BCHUSD, +1.13%   is 121% higher and Litecoin LTCUSD, +0.41%   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.

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