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
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 ShapeShift
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.
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.
) 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.
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.
Total market capitalization of all digital currencies is around $250.4 billion at press time, having started the day at around $231 billion.
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.
Bitcoin Touches $8,200, Gold Hits Its Highest Point Since April BEST WALLET, bitcoin cash wallet, bitcoin wallet, btc wallet, buy bitcoin, buy cryptocurrency, coin wallet, crypto wallet cryptocurrency wallet, Digital Wallet, ether wallet, ethereum wallet, safest wallet, secure crypto wallet, usd to bitcoin , blockchain, block chain, blockchain wallet, what is blockchain, blockchain info keywords bitcoin price ethereum price bitcoin news coinmarketcap BTC price coinbase bitcoin