Bitcoin Hovers Nears $7K, as Wider Market Tips Back Into the Green

Bitcoin is trading at around $6,925 at press time, up around 1 percent on the day, according to Cointelegraph's 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 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 is looking to launch ETH futures by the end of 2018.Having seen a strong price surge August 28-29, Ethereum is now back within the trading range it jaggedly held between August 20 and August 27.

On its weekly chart, Ethereum is up 2 percent, with monthly losses at a hefty 35.6 percent.

These include Stellar - up 1.3 percent at around $0.22 - Ripple, up 0.4 percent to trade at $0.33 - and Bitcoin Cash, up 1.3 percent at $538.7.EOS is a strong outlier, up a bullish 5 percent on the day to trade at $6.22, capping a volatile week that nonetheless shows strong positive momentum.

Among the top twenty coins, Monero is the strongest performer, up 10 percent on the day to trade at $107.78 at press time.

Other top twenty coins are seeing 24-hour growth of between 2 and 4 percent.

Total market capitalization of all cryptocurrencies is around $224.7 billion at press time, down $8.5 billion from its weekly peak at $233.2 billion.

Good news for the Asian crypto markets has been forthcoming this week, as Japanese social messaging giant LINE announced the launch its own cryptocurrency and in-house blockchain, and Japanese e-commerce giant Rakuten - which has a market capitalization of over $12.5 billion - has unveiled a $2.4 million deal to acquire domestic crypto exchange Everybody's Bitcoin.