Bitcoin price bull run continued through $6000 May 10 as market dominance hit its highest level since its December 2017 all-time high.
Bitcoin Bull Run Gathers Speed
Data from cryptocurrency exchange Bitstamp’s traditionally more conservative Bitcoin price tracker and CoinMarketCap confirmed an ongoing transformation for the largest cryptocurrency by market cap.
That market cap now accounts for 58 percent of the entire crypto market – last time Bitcoin’s share was that large, the Bitcoin price was at its historic high of around $20,000.
At press time meanwhile, BTC/USD 00 was charging past $6300 once again, having set a high of $6328 hours previously – itself a new peak not seen since November 2018.
Friday’s performance puts Bitcoin’s weekly gains at almost 10 percent, while monthly progress is now over 20 percent.
Bitcoin Price ‘On Course For $55k In 2020’
As analysts ponder Bitcoin’s next move, the almost parabolic gains of the last two months have exactly proven one particular model of Bitcoin price…