RATE Group | Bitcoin at $7,100 as Crypto Market Hits $232 Billion, EOS Surges15%
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Bitcoin at $7,100 as Crypto Market Hits $232 Billion, EOS Surges15%

29 Aug Bitcoin at $7,100 as Crypto Market Hits $232 Billion, EOS Surges15%

Posted at 14:53h in Bitcoin News by

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Bitcoin Price

Over the past 24 hours, Bitcoin has rebounded from $7,000 to $7,100, remaining on top of a key resistance level which traders were concerned about.

Despite the relatively strong performance of Bitcoin, tokens understandably have not performed well against both Bitcoin and US dollar on August 29, considering the massive gains they recorded earlier this week.

EOS has been the third best-performing cryptocurrency on August 29, a rare sight for a major cryptocurrency, especially for a digital asset that is in the top five rankings alongside Bitcoin, Ethereum, Ripple, and Bitcoin Cash.

Apart from Dash, IOTA, and Golem, most tokens and small market cap cryptocurrencies have struggled against Bitcoin.

Volume is Slowly Coming Back

In previous reports, CCN emphasized that the daily trading volume of most major cryptocurrencies has been an issue, as the recovery of the market was initiated without a proper rebound in the volume of large market cap cryptocurrencies.

Throughout the past…

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