With the start of the school year, crypto markets showed decent gains on September 1st with almost all top 100 cryptocurrencies by market cap is in the desired green zone.
Bitcoin (BTC) steadily continued to climb over the $7,000 mark which is basically more than a 2 percent increase in the past 24 hours. It is now trading at $7,268 which is a 0.99% increase over the past day. Bitcoin broke the $7,000 point for the second time this week right after news hit from the US Commodity Futures Trading Commission where they showed a decline in bearish positions for Bitcoin futures contracts that are not commercial.
Ethereum (ETH) is now going over the $290 price point which is actually a drop by 1.33 percent over the past 24 hours but on the other hand, the second largest cryptocurrency saw more than 6 percent growth on a weekly basis despite the losses it’s been suffering for a whole month.
The total market cap of all cryptocurrencies is now $238 billion and this is a first time Since Aug 8. However, the total market cap is continuing to grow to show a possible spike in the following hours.
Dogecoin has also seen some notable growth reaching a stunning 40 percent in the past 24 hours and is currently a 22 place on CoinMarketCap trading at $0.005103. The previous week, the central bank of India confirmed the plans to issue a rupee-backed central bank currency. Also, Yahoo Finance offered a buy and sell options for a few major cryptocurrencies on its website. This is great news for all cryptocurrencies!
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