RATE Group | Crypto Market Continues Recovery as Bitcoin Hits $6,700
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Crypto Market Continues Recovery as Bitcoin Hits $6,700

25 Aug Crypto Market Continues Recovery as Bitcoin Hits $6,700

Posted at 16:12h in Bitcoin News by

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bitcoin price

In the past 24 hours, the Bitcoin price has increased from $6,400 to $6,700, recording a decent increase in its daily volume.

The valuation of the crypto market has increased from $210 billion to $215 billion within a two-day period, fueled by the short-term surge in the price of tokens.

Ethereum-based tokens like Wanchain, Aion, and ICON recorded solid gains in the range of 10 to 20 percent against both the US dollar and Bitcoin, showing some momentum against major cryptocurrencies.

Ethereum, Ripple, Bitcoin Cash, and EOS, the top five cryptocurrencies in the global market, have struggled to demonstrate a recovery in their volume and price, closing the day with mere 0.3 to 1 percent gains, falling behind Bitcoin and the rest of the market.

Bitcoin Dominance Still Strong

In previous reports, CCN noted that the dominance index of BTC, which measures the dominance of the cryptocurrency over the global market, is an important metric to measure the short-term growth and momentum…

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