![[UPDATE] Bitcoin Just Cracked $6,000--Here's Why](https://i.headtopics.com/images/2019/5/7/forbes/update-bitcoin-just-cracked-6-000-here-s-why-1125799150728175618.webp)
Bitcoin has come close to crossing the psychological $6,000 mark as a so-called crypto spring continues to bolster digital tokens across the board, with ethereum, the world's second largest cryptocurrency by market value, makes double-digit gains...
, with ethereum, the world's second largest cryptocurrency by market value, making double-digit gains earlier today., has been steadily marching higher since then and increasing its dominance over the cryptocurrency market with bitcoin's share of total crypto market value now up to year-to-date highs of 56% from around 50% just last month, according to CoinMarketCap data.
Blockchain Week NYC and CoinDesk’s Consensus 2019 event, beginning Monday, May 13 and running all week at the New York Hilton Midtown.Ethereum, meanwhile, has gained more than 10% over the same period after reports the U.S. Commodity Futures Trading Commission could approve an ethereum futures contract"Many people are looking closely at the level $6,200 as a major resistance for bitcoin," eToro senior market analyst Mati Greenspan wrote in a note to clients.
"I think we can get comfortable with an ether derivative being under our jurisdiction," CoinDesk reported the unnamed official as saying."I think that there’s a good chance [a particular derivative that met our requirements] would be [allowed to be] self-certified by us."
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