Despite Market Gains on the Day, Bitcoin Remains Below $6,500, Ethereum Loses $300 Support

August 19: The crypto market picture shows signs of recovery following last week's major market crash, but momentum has not yet rallied sufficiently to indicate a categorical reversal of the bear market.

At press time, Bitcoin is trading below the $6,500 price point and Ethereum has dipped below $300. Most major of crypto assets are seeing modest to solid gains of 1 to 5 percent on the day, as Coin360 data shows, with some top 20 coins up as much as 16 percent.

Bitcoin is currently seeing almost no change over the past 24 hours at press time, trading at around $6,380, according to Cointelegraph's Bitcoin price index.

On the week, Bitcoin is now up just half a percent, but its monthly losses remain at a stark 14.56 percent.

Ethereum is trading just under $300 at press time at $395, up around 1.85 percent on the day.

Since crashing below $300 August 13, Ethereum notably continues to trade at a price point not seen since early November 2017.

In the context of the top twenty coins, IOTA, ranked 11th, has seen a bullish 11.6 percent growth on the day to trade at $0.53 at press time.

Tezos, ranked 18th, has secured strong almost 4 percent growth on the day to trade at $1.37 at press time.

Bitcoin dominance - or Bitcoin's share of total crypto market capitalization - is slightly down on the week, now at 51.6 percent.

BTC dominance has been on the rise as of mid-May. On August 14, its soared as high as 54.6 percent - reflecting Bitcoin's relative resilience as compared with the staggering price plummet of Ethereum and other altcoins.