Bitcoin Breaks Above $7,000 as Crypto Market Rallies Into Green

Growth among the top ten largest assets ranges between 4.5 to almost 20 percent, as Coin360 data shows.

Bitcoin is trading at around $7,016 at press time, up around 4.2 percent on the day, according to Cointelegraph's Bitcoin price index.

The top coin has seen several days of recovery since its brief price dent August 22 in the wake of toughened anti-crypto measures in China and a fresh series of disapproval orders for several Bitcoin exchange-traded funds by the U.S. Securities and Exchange Commission.

On the week, Bitcoin is up a strong 4.1 percent, with its monthly gains now around 9.1 percent.

Ethereum is trading around $289 at press time, up a solid 3.4 percent on the day.

Ethereum is now up 3.4 percent on the week; on the month, losses are just slightly down and remain at a stark 37.8 percent.

Among the top ten coins by market cap, Cardano is up over 9 percent to trade at $0.10 at press time, with Litecoin up 7.64 percent and Ripple up 7.3 percent to trade at $61.88 and $0.35 respectively.

The strongest top ten performer is IOTA, soaring a staggering 19.4 percent on the day and capping two days of rapid growth to trade around $0.71 at press time.

Total market capitalization of all cryptocurrencies is at around $230.55 billion at press time, up around $15 billion since the start of trading Monday 27th. 7-day chart of the total market capitalization of all cryptocurrencies from CoinMarketCap.

As the crypto spot markets rally, and Bitcoin reclaims ground above $7,000, fresh data from the U.S. Commodity Futures Trading Commission shows that bearish positions for non-commercial contracts of Bitcoin futures are also on the decline.