1 year ago

It has nearly six months since the anticipated rise of Bitcoin to at least $6,000. According to data from coinratecap's live feed, for the first time today the Bitcoin price rose above $6,000 on most cryptocurrency exchanges. Before the break of dawn today, (GMT) Thursday, the crypto king picked up a bid and its price reached as high as $6,076. By the later part of today bitcoin value currently stands at $6,052 with a percentage increase of 3.48% and an additional $203 dollars from the former value as at the time of this writing.

Notable is that Bitcoin is the world’s largest cryptocurrency by market capitalization accounts for more than half of all other cryptocurrencies combined and this, the highest price since Nov. 14, 2018. This is consequently the highest point of bitcoin’s dominance rate (56.8 percent) and the measure of its market share against that of other cryptocurrencies.

Bitcoin’s significant price increase or decrease makes an imprint on the U.S. dollar value of most other cryptocurrencies which is the same case in the developments of today.Ether (ETH), EOS (EOS), and Cardano (ADA), highly ranked cryptos in terms of the market cap also reported gains above two percent in the time-space of the bitcoin price spike. Bitcoin is yet again leading the cryptocurrency pack.

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Credits - Sebastian Sinclair.