Crypto Markets See Sharp Rebound, but Total Market Cap Still Below $200 Billion

Bitcoin jumped over 3 percent in under an hour today, proceeding to trade sideways just under the $6,400 mark for several hours, before dropping again in the hour to press time.

At press time, Bitcoin is up about 1 percent on the day to trade at $6,241, according to Cointelegraph's Bitcoin Price Index.

On the week, Bitcoin is now down 13 percent, holding fort with 0.64 percent gain on its monthly chart.

Ethereum also saw a sudden price spike today, regaining the $200 price point for several hours before slipping back below it.

On its weekly chart, Ethereum is down over 34 percent, with monthly losses around 45 percent.

Altcoin Stellar, ranked 6th by market cap, is down the most and only just, seeing a little over 1 percent losses on the day.

EOS, ranked 5th, is seeing the most growth among top ten cryptos today, up 5 percent on the day to trade at around $4.95.

Among the top twenty, coins are also seeing mostly green, with the two coins in red down less than 1 percent.

Altcoin IOTA is another relatively strong top twenty player, up 5.41 percent on the day to trade at around $0.559.

Despite the market's sudden surge today, total market capitalization of all cryptocurrencies is still dropping, currently around $195.5 billion at press time.