Cryptocurrency Market On Correction rally: Bitcoin Close to $7000

Cryptocurrency market has been experiencing another correction rally, with most of the top 20 coins in green, as per CoinMarketCap.

cryptocurrency Cryptocurrency Market On Correction rally: Bitcoin Close to $7000 Screenshot 2018 08 28 14

After a bearish hiatus for some time, crypto coins are striking back to rise with coins like DASH, IOTA, EOS, and Cardano experiencing high gains of more than 20 percent. While the Bitcoin has broken the $6900 cap and is currently trending at $6932.

cryptocurrency Cryptocurrency Market On Correction rally: Bitcoin Close to $7000 Screenshot 2018 08 28 15
Bitcoin’s Performance in Last 7 days

 

 

Ethereum(ETH) too has experienced a gain of more than 3% with currently trading on $285.

cryptocurrency Cryptocurrency Market On Correction rally: Bitcoin Close to $7000 Screenshot 2018 08 28 15
Ethereum’s Performance in Last 7 days

Out of top 10 coins,  IOTA experienced the maximum gain of approx 15% at the press time, being traded at $0.704221. As per earlier reports, IOTA had closed a partnership with Fujitsu after the IT giant announced a paper for the adoption of IOT based blockchain for their supply chain and operations verticals.

In earlier new, cryptocoinspace reported that Alipay with WeChat has been stringently imposing their crypto ban rules by banning users who would try Bitcoin OTC trading on their platforms.

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