Bitcoin’s price rose above $6,000 on most cryptocurrency exchanges for the first time today in nearly six months.
At 00:57 UTC on Thursday, the world’s largest cryptocurrency by market capitalization, which accounts for more than half of all other cryptocurrencies combined, picked up a bid and saw its price reach as high as $6,076 – its highest price since Nov. 14, 2018.
At the time of writing, bitcoin’s surge has slightly cooled off, now trading across exchanges at an average price of $6,045, according to CoinDesk’s price data.
In another first since last November, bitcoin’s market capitalization rose above $100 billion, $1.45 billion or 1.39 percent of which entered the market in the last 24 hours.
Further still, bitcoin’s dominance rate, a measure of its market share versus that of other cryptocurrencies, hit its highest point in nearly eight months at 56.8 percent – its biggest reading since Sept. 13, 2018, based on data from CoinMarketCap.