Monday, August 27: cryptographic markets saw another recovery attempt, with all the top 20 coins for market capitalization in the green, according to CoinMarketCap data.
After yesterday's crash, cryptographic markets are back to green, with IOTA (MIOTA), Cardano (ADA) and EOS (EOS) seeing the biggest gains in the top 10 coins, while Bitcoin (BTC) has outdone the $ 6,700 points. Most of the top ten coins only see slight gains of between 1% and 2% on the day.
Market display by Coin360
The highest bitcoin cryptocurrency is trading at $ 6,744 at the time of printing, up less than half a percentage point in the last 24 hours, but seeing weekly earnings of around 4 percent.
Today the Ethereum (ETH) has recorded modest growth in the same way, with a price of just under one percent in the space of 24 hours. 1.5 percent in the last 7 days, but down 41 percent in the month.
Ethereum 24-hour price table Source: Ethereum Cointelegraph price index
Total capitalization the market is showing a growing momentum today, from $ 214 billion at the start of the day to almost $ 219 billion at the time of the press
Capitalization chart of total market. Source: CoinMarketCap
Among the top ten coins by market capitalization, IOTA is growing with a growth of 8.3%, trading at $ 0.60 at the time of printing. The price has risen in the last two days following recent news of IOTA's partnership with Japanese technology giant Fujitsu, which said the partnership sought to "help launch the IOTA as a new protocol standard. "
Major stablecoin Tether (USDT) is one of the only coins in red on CoinMarketCap among the top 20 cryptocurrencies. Yesterday, Cointelegraph reported that the recent issues of the controversial cryptocurrency are not affecting the prices of either the major currencies or smaller altcoins at the time, following previous allegations of "market manipulation" practices using Tether.
Earlier today, Cointelegraph reported that Chinese technology giant Baidu was following the anti-cryptic policies of Tencent and Alibaba, having closed at least two popular encrypted chat forums. The move is another step in the ongoing events of anti-cryptic measures underway in China.
Also today several Indian media have reported that the central bank of the country, the Reserve Bank of India (RBI), intends to improve its knowledge of the cryptocurrency and blockchain technology in order to "verify what can be adopted and what not." The news follows the ban by RBI to serve cryptographic activities from April 2018.