Bitcoin's share in the cryptocurrency market reached an 11-week high late last week.
XRP, the world's third-largest cryptocurrency by market capitalization, jumped 6 percent on Monday, cementing a 30-day high.
Bitcoin is reporting losses for a second straight month, but there are hints of a bullish breakout ahead in the fourth quarter.
Bitcoin is still being squeezed into a tightening range, with support at $6,300 being a key level for the bulls to defend.
The world's second-largest cryptocurrency, ether (ETH), erased half of last week's rally today amid a broader market sell-off.
BTC/USD shorts on Bitfinex are nearing record highs, leaving many to wonder if a short squeeze will occur like it did when the prior mark was set.
Bitcoin's price rose above $6,500 today, offering some respite for the badly battered bulls.
Cryptocurrency investors continue to turn risk averse as the total cryptocurrency market capitalization sinks to a new annual low.
A "price calculation error" on CoinMarketCap led the site to list inflated prices for several coins on the platform.
Bitcoin has retraced 40 percent of the rally from the June low of $5,755, signaling a short-term bullish-to-bearish trend change.
