Yesterday, we welcomed the month of September – and it seems like the crypto market did too with its recent gains. After the long downward trend in spite of the Bitcoin ETF rejections, Bitcoin has recovered from below $6,500 to a new high of $7,286, demonstrating strength and going solidly in the green.
As the largest cryptocurrency continues to climb steadily over the $7,000 mark, it also sees 2.72% gains over the past 24 hours, as the data from CoinMarketCap shows.
Even though the US Commodity Futures Trading Commission (CFTC) reported a decline in bearish positions for non-commercial Bitcoin futures contracts, the price of Bitcoin grew just like Ethereum (ETH), which is grazing the $300 price point and trading at $293.72.
However, neither Bitcoin (BTC) nor Ethereum (ETH) can steal the show of the meme-based altcoin Dogecoin (DOGE) which surged by more than 60% in a single week, after it entered Ethereum’s system in a project that is dubbed ‘Dogethereum’ with a demo set to take place on September 5th. Currently, Dogecoin is down 12% but still trading at $0.004992 and correcting with a tremendous incline.
In the top ten coins, Bitcoin Cash (BCH) and Litecoin (LTC) have seen the most greens and are up 14.7% and 8% accordingly. The wave of green is still present, even though there are a couple of declines as we are ending another week – and starting a new month that will (hopefully) bring a lot of good news and positive movements.
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