Bitcoin Surges Above $6,300, Hits Dominance Records From December 2017

Friday, May 10 - bitcoin has seen another rally today, having surged above the $6,300 price mark and hit market dominance records from December 2017, according to data from CoinMarketCap.

The major cryptocurrency is seeing the biggest gains out of the top 20 coins by market cap, up 4.4% over the past 24 hours at press time, while the rest of the top 20 list are seeing mixed signals.

Bitcoin is also seeing the biggest gains over the past 7 days, holding around 9.1% gains at press time.

At press time, the biggest cryptocurrency is trading at $6,304 with a market cap of $111 billion.

At press time, bitcoin's dominance rate accounts for 58% of the overall crypto market.

Ether, the second-largest cryptocurrency by market cap, is up 2.1% to trade at $172 as of press time, seeing almost equal gains over the past 7 days, up 2.7%. Ether 7-day price chart.

XRP, the third-top cryptocurrency by market cap, is slightly up 0.1% to trade at $0.298 at press time.

Total market capitalization has surged to the volumes of mid-November 2018, accounting for $192 billion at press time.

At press time, the Dow Jones Industrial Average is down 0.3%, while S&P 500 and Nasdaq Composite are both down around 0.2%. Oil prices are seeing mixed signals at press time, with West Texas Intermediate crude oil down 0.3% on the day, while Brent crude is slightly up around 0.1%, according to Oilprice.com.

Gold prices have seen mild gains today, with spot gold having edged up 0.1% to $1,285 per ounce at press time, while U.S. gold futures also gained around 0.1% to $1,287.