In the past 23 hours, the mother of all coins have been struggling to maintain the $7000 mark as it went slightly below the price, trading around $6827, then. But now, has bounced back to the $7055.
Following the mid-week’s strong upswing, the crypto markets subsequently saw widespread corrections, but most cryptocurrencies are today consolidating these higher lows. The vast majority of cryptos are in the green, as Coin360 data shows.
For this week, bitcoin has seen a 6.45% increase in price, but this month’s records a 10.6% loss for the digital currency.
Ethereum (ETH) is trading around $284 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 (CBOE) is looking to launch ETH futures by the end of 2018.
On its weekly chart, Ethereum is up 2 percent, with monthly losses at a hefty 35.6 percent.