Bitcoin seems to be making its mark again as it reaches new heights for the first time in six months. As it climbs in price and reaches ‘bull-run’ status, the token is influencing the rest of the market as it goes up.
Taking a look at the tokens from over the week, we’re seeing massive increases in the market, with some of the leading cryptocurrencies seeing double-digit gains.
Over the past seven days, Bitcoin price has gained over $2000 in value. Heading from a weekly low of $5876.61 to soar to a price of $8078.87, it’s easy to see from both the chart and the figures that Bitcoin is on a positive trajectory. This could be raised by sentiment as the price rises further combined with the Consensus conference which is currently occurring in New York. This shows a whopping 37.47% jump in seven days.
Much like Bitcoin, Ethereum has also gained a great deal over the past seven days. Currently, Ethereum price is sitting at $232.23, which is a 38.85% increase from the $167.25 value it was holding this time last week.
The price of Ethereum is often directly influenced by the price of Bitcoin and taking a look at the charts and the percentage of increase, it is no different at present.
Ripple, unlike Ethereum, does not often trend in a similar way to Bitcoin. At present, however, XRP has gained 33.7% as the market rises in price. The weekly low of XRP of $0.294114 can be compared to the much more bullish $0.443652. The price spike has been a recent one, with the token gaining steadily over the past 24 hours much more than the days prior. At present, XRP is looking at a 14.74% daily increase.
Bitcoin Cash price
The past seven days have brought a 28.58% increase to Bitcoin Cash which is sitting at $389.89, up from a weekly low of $278.45.
While Bitcoin Cash has gained over the past week, it is the only token in the top twenty cryptocurrencies to be showing red in day-on-day trading. Bitcoin Cash is currently looking at a 0.86% decrease in daily trading.