Most of the top 20 cryptocurrencies are reporting major gains on the day, as bitcoin breaks over the $6,900 mark.

Saturday, May 11 — most of the top 20 cryptocurrencies are reporting major gains on the day by press time, as bitcoin (BTC) breaks the $6,900 mark.

Total market capitalization 24-hour chart. Source: CoinMarketCap

As Cointelegraph reported yesterday, financial advisory firm Canaccord Genuity has predicted that bitcoin could hit $20,000 by 2021.

In other industry news, New York State Assemblyman Clyde Vanel said at the Ethereal Summit on May 10 that crypto and blockchain firms need to be better at lobbying for themselves and educating regulators.