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This Week: Bitcoin Price Reaches $8,200, Gold Reaches Its Highest Peak since April

Natalie Wu | 16-Th5-2019

As Coin360 has just updated yesterday, the 20 top cryptocurrency coins are all in the green zone after having some losses in the last couple of days.

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The price of bitcoin, the current leading currency, is now trading at an average price of $8,085 at the press time after making a significant increase reaching above 8,200. Bitcoin’s price had a lower price range earlier today when it reached below the $8,000 price point. The weekly chart of Bitcoin depicts its lowest price point at $5,942 (May 8) and the highest point (May 14), reaching its peak at $8,265.

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As can be seen from the below chart, the second largest coin Ethereum (ETH) has raised its price by 15% over the past 24 hours. ETH is trading around $266 at the press time. In this week, ETH price has increased steadily and gained more than 39% in the last seven days.

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At press time, the overview of the total market capitalization of cryptocurrencies is around $256.9 billion.

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As CNBC reported earlier, spot gold increased by 0.1% reaching $1,298.26 per ounce. This week has been seen as the highest level of gold (reaching  $1,303.26) since April 11 this year.

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