Crypto Markets sees Solid Upswing while SEC promises to review the recently rejected Bitcoin ETFs


Friday, August 24: cryptography markets have seen considerable growth today, with all but one of the first 40 cryptocurrencies for market capitalization in the green, according to data from Coin360.

  Market Display by Coin360

Market Display by Coin360

Bitcoin (BTC) saw solid growth, having exceeded the price of $ 6,600, starting the day at just over $ 6,400. The main cryptocurrency has increased by about 3% in the last 24 hours, trading at $ 6.624 at the time of printing.

On August 22, Bitcoin plummeted from $ 6,700 below the price of $ 6,400, following news of new anti-cryptic policies in China, as well as another series of application denials for various funds traded in Bitcoin exchange (ETF) from the US Securities and Exchange Commission (SEC).

According to CoinMarketCap, Bitcoin and VeChain (VET) a are the only two cryptocurrencies in the top 20 coins by market capitalization that have seen some gains over the last 7 days, with Bitcoin up by 1.43%.

  7-day price chart for Bitcoin

Bitcoin price chart 7 days. Source: Cointelegraph Bitcoin Price Index

The upper altcoin Ethereum (ETH) rose by about 2.7 percent today, trading at $ 280 at the time of printing. After a marked downtrend during the week, the second cryptocurrency by market capitalization suffered a heavy loss of 41% in the last 30 days.

  Ethereum's 30-day price chart "src =" https: //s3.cointelegraph .com / storage / uploads / view / 0659b3913cdb385597d7dd417af8bbee.png "title =" Ethereum's 30-day price chart "/> [19659011] Ethereum 30 Day Price Chart Source: Ethereum Cointelegraph Price Index </em></p>
<p>  The total market capitalization has slightly increased today, mostly with over $ 210 billion in the last 24 hours, after falling to a minimum of $ 203 billion on August 22, the capitalization of all cryptocurrencies grew to $ 214.7 billion at the time of printing. </p>
<p dir=  Total market capitalization of all cryptocurrencies, 7-day chart

Market total capitalization of all cryptocurrencies, chart of 7 days Source: CoinMarketCap

Among the top 10 coins, EOS (EOS) and Monero (XMR) recorded the most significant growth in the last 24 hours, respectively of 4.7 and 3.9%.

Today's solid recovery in the crypto markets comes after the announcement by the US SEC that the Commission will revise its August 22 decision to reject nine Bitcoin ETF listing requests.

Earlier today, CNBC's crypto analyst Brian Kelly predicted that the first Bitcoin ETF will come into operation in February 2019. According to Kelly, the world is becoming "gradually closer" to the first approval of the company. ETF of Bitcoin, indicating the "change of opinion" bullish, despite the recent window of refusal of the application

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