Bitcoin Rises 6% to Break $10,000 Barrier

Cryptocurrency Bitcoin rose by approximately 6 percent during Tuesday's trading, breaking the $ 10,000 barrier, once again, amid gains over the rest of the encrypted currencies.

By the end of today's trading, Bitcoin rose 6 percent to record $ 10,404, raising the market value of the world's number one currency to $ 186.38 billion.

Bitcoin has been traded below the $ 10,000 level for the last seven days before breaking that barrier in today's trading.

The other top-five digital currencies were overshadowed in green color during the trading, with the fact that litecoin was the biggest winner after soaring 4.6 percent to report $ 68.59.

Moreover, the ethereum arrived second on the list after climbing 2.8 percent to reach $ 176.8 with a market capitalization of $ 19.02 billion followed by the ripple with recorded gains of more than 1.7 percent to reach $ 0.2602 with a market value of $ 11.18 billion.

Bitcoin cash came in fourth, in terms of the market value of $ 5.33 billion after appreciating 3.3 percent to $ 296.6.

[caption id="attachment_76178" align="aligncenter" width="1024"] A chart showing Bitcoin performance in the past 7 days[/caption]

Litecoin came at the end of the list with a market value of $ 4.33 billion.

It is noteworthy that the market value of all Cryptocurrency recorded $ 265.37 billion compared to $ 252.72 billion a day earlier.

In the meantime, some analysts expect the bitcoin to rise toward the £20,000 barrier by the end of the year in case of a trade war attrition.

The bitcoin is exchanged for EGP 176,838.40 making it the most expensive currency worldwide. In 2017, a study said there were 2.9-5.8 million traders using a cryptocurrencies for investment.