RATE Group | Bitcoin Hovers Near $7K, as Wider Market Tips Back Into the Green
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Bitcoin Hovers Near $7K, as Wider Market Tips Back Into the Green

31 Aug Bitcoin Hovers Near $7K, as Wider Market Tips Back Into the Green

Posted at 16:43h in Bitcoin News by

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Friday, August 30: following the mid-week’s strong upswing, the crypto markets subsequently saw widespread corrections, but most cryptocurrencies are today consolidating these higher lows. The vast majority of cryptos are in the green, as Coin360 data shows.

Market visualization

Market visualization from Coin360

Bitcoin (BTC) is trading at around $6,925 at press time, up around 1 percent on the day, according to Cointelegraph’s Bitcoin price index.

Having broken through the $7,000 threshold earlier this week, the top coin began to dip August 29, trading as low as $6,827 by August 30.

Bitcoin’s 7-day price chart

Bitcoin’s 7-day price chart. Source: Cointelegraph Bitcoin Price Index

On the week, Bitcoin remains up a solid 6.45 percent, and has closed its monthly losses to around 10.6 percent.

Ethereum (ETH) is trading around $277 at press time, seeing a negligible percentage change on the day. The altcoin has barely budged in response to bullish news that the Chicago Board Options Exchange (CBOE) is looking to launch ETH futures by…

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