Ripple CEO: US Regulators Need To “Step Up And Lean Into Digital Currencies” Bitfury’s Bitcoin Mining Programme Allows New Institutional Investment Swiss Government Supports Blockchain Startups Offering Over $10 Million USD The Top 5 Cryptocurrencies to Mine [2020] Coldplay Bassist Launches Into Cryptocurrency, Backing New App The Coinbase Pump: OmiseGo (OMG) Sees A Massive Surge JPMorgan: Digital Currency Threat To Dollar Domination Coinbase Adopts A Remote-First Approach After Lockdown Lifts Bank Of France Successfully Launches Blockchain-Based Project Supernodes Across Europe Attacked By Cryptojackers To Illicitly Mine Monero Andreessen Horowitz On Crypto Entrepreneurs: “Excited To See What They Build”

7h
coininsider

Bitcoin Presents Good Opportunities To Short

8h
cryptodaily

Beware of False Bottoms: Comparing Bitcoin and the S&P 500 to 1929’s Great Depression

8h
bitcoinist

Never Let Another Arbitrage Opportunity Pass Again with 24/7 Bitbengrab Trading » The Merkle News

8h
cryptonewmedia

Crypto-Powered Brave Browser Launches Privacy-Centered Zoom Competitor

8h
cryptoglobe

Goldman Sachs Still Has No Love for Bitcoin, but Market Does Not Seem to Care

8h
cryptoglobe

BitGreen Initiative is Folding@Home to Fight COVID-19.

8h
cryptodaily

CryptoKitties Creator Debuts NBA Game on Its Own Blockchain

8h
cryptonewmedia

Is Bitcoin Leveraged Trading Only For Veterans and Where Should Beginners Turn to?

8h
nulltx

A High-Profile Acquisition Shows Bitcoin Demand from Institutions is Surging

8h
bitcoinist

Justin Sun: “Craig Wright is a fraud.”

9h
cryptodaily

Breaking: Goldman Sachs Includes Bitcoin Alongside Gold In Client Call

9h
coingape

Governor of France’s Central Bank ‘Pleased’ with Negative Interest Rates

9h
beincrypto

How a Trader Lost $1,200 in 100 Seconds » The Merkle News

9h
cryptonewmedia

The unpredictable nature of BTC following its halving. Could it hit $1m in the next 10 years?

9h
cryptodaily

Crypto.Com Exchange Extends Its Card To Over 30 Countries In Europe

9h
coingape

Three New Crypto Exchanges That Rival the Big Guns

9h
cryptonewmedia

RBI brings clarity to bitcoin situation in India

10h
cryptodaily

No, Goldman Sachs Doesn’t Think Bitcoin is the Next Big Thing

10h
newsbtc

Internal Struggle at the Biggest Bitcoin Mining Equipment Manufacturer Persists

10h
newsbtc

AMZN Stock Down 0.16% Now, Amazon in Talks to Buy Zoox

10h
cryptonewmedia

Bitcoin Whales Prop Up Crypto Markets As Bulls Regain $9,000

10h
zycrypto

Goldman Sachs Says Bitcoin ‘Not Suitable Investment’ in Hyped Client Call

10h
beincrypto

Bitcoin Jumps $9,100 as Dow Prepares For Massive 400-Point Open

10h
newsbtc

Coinbase Outbids Binance to Acquire Crypto Prime Broker Tagomi in All-Stock Deal

10h
cryptoglobe


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 ShapeShift, argued 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.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments