Bitcoin Touches $8,200, Gold Hits Its Highest Point Since April

Wednesday, May 15 — All of the top 20 coins are in the green after seeing some losses over the past day, with some reporting double-digit gains, according to Coin360.

Market visualization by Coin360

The leading digital currency bitcoin (BTC) is up over 4% on the day, trading at $8,135 at press time after reaching above $8,200. Earlier today, bitcoin dropped under the $8,000 price point to trade as low as $7,807. On its weekly chart, bitcoin saw its lowest price point at $5,942 on May 8, while its highest price point was $8,265 on May 14.

Today, Erik Voorhees, CEO of instant cryptocurrency exchange platform ShapeShiftargued that the volatility seen in bitcoin and altcoin markets over the years is a necessary phenomenon for a nascent asset, stating that bubbles are an essential part of the industry’s growth.

Bitcoin 7-day chart. Source: CoinMarketCap

The second largest coin by market capitalization, ether (ETH), has nearly 15%  growth in the last 24 hours, and is trading at around $237 at press time. During the week, ETH has been steadily gaining in price, and is currently up 39% over the last seven days.

Ether 7-day chart. Source: CoinMarketCap

Ripple (XRP) has gained almost 9.59% on the day, and is trading at $0.432 at press time. The altcoin started the day near $0.399, gradually reaching the current price point. Over the week, the third largest cryptocurrency by market cap registered its lowest price point at  $0.294 on May 10 and hit the highest value of around $0.438 earlier today.

Ripple 7-day chart. Source: CoinMarketCap

Bitcoin cash (BCH) — which went through a planned hard fork update earlier today —  is trading at $393.76 at press time, up by 4.94% over the past day.

Following the coin’s hard fork, BitMEX reported that the bitcoin cash network experienced difficulties processing transactions.

Bitcoin cash 7-day chart. Source: CoinMarketCap

Total market capitalization of all digital currencies is around $250.4 billion at press time, having started the day at around $231 billion.

Total market capitalization 7-day chart. Source: CoinMarketCap

As CNBC reported earlier today, spot gold was up 0.1% at $1,298.26 per ounce, having hit its highest level since April 11 at $1,303.26 on Tuesday. U.S. gold futures settled $1.50 higher at $1,297.80.

The Dow Jones Industrial Average reportedly closed up 115.97 points at 25,648.02 after falling as much as 190 points earlier in the session. The S&P 500 gained 0.6% to end the day at 2,850.96 while the Nasdaq Composite rose 1.1% to 7,822.15.

  • 38
Block
Add Reply
Feedback |

Good day

Add Reply
expand

Thank you

Add Reply
expand

Support you            

Add Reply
expand

Nice  sharing       

Add Reply
expand

Good afternoon.

Add Reply
expand

Come and support

Add Reply
expand

support~

Add Reply
expand

thanks for sharing. 

Add Reply
expand

Good afternoon.

Add Reply
expand

Support

Add Reply
expand

Mining~~ 

Add Reply
expand

Come and support

Add Reply
expand

Come and mining

Add Reply
expand

support

Add Reply
expand

Nice Sharing

Add Reply
expand

Good afternoon.

Add Reply
expand

Great share

Add Reply
expand

Support Landlord           

Add Reply
expand

Thanks  your sharing

Add Reply
expand

Support and  mining          

Add Reply
expand

Nice sharing       

Add Reply
expand

Mining support               

Add Reply
expand

Thank you  for sharing. 

Add Reply
expand

support······      

Add Reply
expand

Great  sharing······    

Add Reply
expand

Support you!          

Add Reply
expand

Great  sharing

Add Reply
expand

Good evening                

Add Reply
expand

Support       

Add Reply
expand
You should login to reply
You will reward to {{ username }}

Available Balance: {{balance}}

≈ $ {{usdtAmount.toFixed(2)}} (The reward commission rate is 10.0%)

New Favorite Bag

Add To Favorite You can create multiple favorites and classify the topics. Please select the favorites you want to add.
{{ favoriteBag.title }} {{ favoriteBag.favorites_count }}Topics

{{ text }} OK
fa-bars fa-arrow-up