[ibd-display-video id=2969025 width=50 float=left autostart=true] The world's largest cryptocurrency marked its latest milestone just a week after it passed $8,000. It topped $9,000 over the weekend. It rose to $10,065.10 on Tuesday.
But for its soaring highs, volatile Bitcoin has had some lows this year, including three separate drops of more than 25%.
Still investors are pouring into the Bitcoin space to get a piece in the new digital gold rush.
Michael Novogratz, the former manger of the Fortress hedge fund, told CNBC Monday that Bitcoin could soar to $40,000 by the end of 2018. Bitcoin Investment Trust ( GBTC ), an exchange traded note backed by Bitcoin, popped 10.6% after soaring 24% on Monday.
IBD'S TAKE:Are Bitcoin, Ethereum and other digital currencies real investments or a speculator's game? Before you invest in Bitcoin read about the risks and possible gains.
Shares of Riot Blockchain, which manages record-keeping technology behind bitcoin , reversed early gains, sold off sharply and finished off 2.2% on the stock market today . Online retailer Overstock, which accepts Bitcoin as payment, was down 0.7% after swinging up and down. Both had tumbled Monday but have surged on crypto-investing fever in recent weeks.
But Marathon Patent Group ( MARA ), an IP licensing company set to acquire the cryptocurrency miner Global Bit Ventures, plunged 41% after announcing late Monday a plan to sell 127 million shares.
Xunlei Limited ( XNET ) dived 12% after a 16% loss Monday. Shares hit a record high on Friday. China-based Xunlei introduced its own cryptocurrency in October.
But Square (SQ), a mobile payments company, rebounded 3.7% after diving 16% on Monday. Traders can use the Square Cash app to buy and sell bitcoin.
Semiconductor company Advanced Micro Devices (AMD) and graphic chipmaker Nvidia (NVDA) make chips used in mining Bitcoin. AMD lost 3.3% while Nvidia fell 1.6%.
In a note to clients, Mizuho analyst Vijay Rakesh said crypto markets could be "much less meaningful" to mining chipmakers in the first half of 2018 as computing complexity increases.
Rakesh believes that 10% of AMD's revenue is exposed to cryptomining vs. 6% for Nvidia's.
Separately Tesla (TSLA) CEO Elon Musk denied a rumor that he is Bitcoin creator Satoshi Nakamoto.