On 28th August, the Bitcoin rallies up, where bitcoin breaks above $7,000, half of the cryptocurrency market are seeing a strong positive upward momentum, a persuasive recovery.
As Bitcoin (BTC) breaks above the $7,000 price point and all but 3 altcoins amid the top 100 cryptocurrencies post strong gains on the day. Growth among the top ten largest assets ranges between 4.5 to almost 20 percent, the Bitcoin was trading around $7,016 which is about 4.1% of the day.
The other coins have shown great performance after one week i.e. from 22nd August as from last weeks there are several issues created on Bitcoin which was declining its value down like, anti-crypto measures in China and a fresh series of disapproval orders for several Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC).
The bitcoin has monthly grown and has shown great performance till now the increment of the whole month is 9.1 percent, among the top ten coins by market cap, Cardano (ADA) is up over 9 percent to trade at $0.10 at press time, with Litecoin (LTC) up 7.64 percent and Ripple (XRP) up 7.3 percent to trade at $61.88 and $0.35 respectively.
At press time “the strongest top ten performer is IOTA (MIOTA), soaring a staggering 19.4 percent on the day and capping two days of rapid growth to trade around $0.71.”