Bitcoin Continues to Hover Near $7K, Wider Crypto Market Sees Some Mild Corrections

Wednesday, August 29: crypto markets are largely holding fort after yesterday's strong upswing, as Bitcoin continues to trade near the $7,000 price point and many of the top ten cryptocurrencies see negligible price change on the day.

Bitcoin is trading at around $7,036 at press time, down just half a percent on the day, according to Cointelegraph's Bitcoin price index.

On the week, Bitcoin is now up a solid 5.7 percent, while its monthly gains are still down around 14 percent.

Ethereum is trading around $296 at press time, up 1.8 percent on the day and coming tantalizingly close to reclaiming the $300 price point - which it last held August 20.

Ethereum is now up a bullish 9 percent on the week; on the month, losses have closed down slightly to a still weighty 36.6 percent.

Most of the top ten cryptocurrencies are seeing negligible price changes between 0.5 and 1 percent on the day, largely holding yesterday's gains.

EOS meanwhile stands out from the crowd, seeing growth over the past 24 hours of over 12 percent.

NEO, which yesterday shot up almost 16 percent, is now down about 3 percent to trade at $20.17.

TRON, which also saw over 14 percent growth yesterday, today is down 4 percent to trade at $0.025 to press time.

A new study by U.S. crypto exchange Coinbase has revealed that 42 percent of the world's top 50 universities have at least one class on cryptocurrencies or blockchain - with the U.S. emerging as a global leader in terms of crypto-education's popularity.