Ripple rises as Bitcoin jumps by 5% amid positive cryptos performance

The majority of the cryptocurrencies rose during today's trading and touched new levels this year, which boosted the market value of these virtual assets.

This comes despite the reports on Masayoshi Son, the founder of Japanese holding conglomerate SoftBank, the $100 billion assets worth fund and the largest technology fund in the world, of losing $130 million in his personal bet on Bitcoin.

Masayoshi Son said he invested in the largest cryptocurrency in 2017 when it hit record highs to nearly $20,000 in December of the same year, but quickly fell sharply later.

Otherwise, by 20:33 GMT, Ripple rose 1% to $0.33 and recorded a high of $0.33, a low of $0.32 and a market value at $32.6 billion.

Bitcoin jumped by 5% to $5572, the highest price at $5643 and the lowest price at $5292.1, with a market value of $98.4 billion.

The total market cap of the cryptocurrencies jumped to $185 billion for the first time this year.