Markets See Wave of Green, BTC Pushing $6,750, ETH At $280

Saturday, August 25: crypto markets are showing bullish sign of a persuasive recovery.

Bitcoin is trading at around $6,696 at press time, up around 2.5 percent on the day, according to Cointelegraph's Bitcoin price index.

On the week, Bitcoin is up a strong 3.5 percent, with its monthly losses remaining around 17 percent.

Ethereum is trading around $279 at press time, up a solid 2.5 percent on the day.

Ethereum is currently down 2.8 percent on the week; on the month, losses are a severe 40.6 percent.

Among the top ten coins by market cap, Stellar, Bitcoin Cash, Cardano and Ripple are all seeing gains of around 1.5 - 2.5 percent on the day.

Litecoin and anonymity-oriented altcoin Monero are also seeing strong growth, both up over 2 percent to trade at around $58 and $93 at press time respectively.

Among the top twenty coins on CoinMarketCap, IOTA, VeChain, and Zcash are seeing the strongest upswing on the day, up around 6.6, 8.7 and 4.9 percent respectively.

Total market capitalization of all cryptocurrencies is at around $217 billion at press time, vying to reclaim its mid-week high of $221.7 billion, and up almost $13 billion from its plummet to $204.3 billion August 23.

Mid-week, the markets saw a similar tumble to the one that came in response to July's news that the Winklevoss twins' high-profile BTC ETF proposal had also been rejected by the SEC, which then saw a comparable $12 billion wiped from total market capitalization.