Crypto Markets Descending, With Bitcoin Value Sinking Under $10,200


Saturday, Aug. 17 —  Most main cryptocurrency markets have seen a slight drop at this time, with Bitcoin (BTC) falling beneath the $10,200 value level, in accordance with knowledge from Coin360.

Market visualization. Supply: Coin360

BTC is buying and selling at round $10,197 at press time, down roughly 3% on the 24-hour interval to press time. In the present day, BTC noticed a drop to as little as $9,765 earlier than buying and selling sideways round its present stage. Bitcoin is now down nearly 14% on the week, whereas on its month-to-month chart the coin is up by 6.73%.

Bitcoin 7-day price chart

Bitcoin 7-day value chart. Supply: Coin360

The second-largest cryptocurrency by market cap, Ether (ETH) began the day at $182.96. The altcoin mirrored Bitcoin’s drop earlier at this time, subsequently experiencing a gradual and jagged decline over the course of the day. Ether has misplaced over 14% on the week and 11% by way of its month-to-month efficiency.

Ether 7-day price chart

Ether 7-day value chart. Supply: Coin360

XRP is at the moment buying and selling within the inexperienced at round $0.263, leaving it up 0.46% over the previous day. Earlier at this time, the altcoin noticed an upswing to $0.267. On its weekly and month-to-month charts, XRP is down by 11.43% and 14.24% respectively.

XRP 7-day price chart

XRP 7-day value chart. Supply: Coin360

Aside from XRP, solely Cardano (ADA), UNUS SED LEO (LEO), Chainlink (LINK), and IOTA (MIOTA) are reporting good points on the day amongst top-20 cryptocurrencies.

As reported earlier at this time, Bitcoin SV blockchain developer and blockchain group service Open Listing creator synfonaut launched a consulting service referred to as Workplace Hours. This service connects builders in want of help with skilled Bitcoin SV builders for assistance on Bitcoin SV initiatives.

Additionally at this time, Cointelegraph reported that crypto lending agency Nexo had paid its token holders a complete of $2,409,574.87 in dividends, reaching an annualized dividend yield of 12.73%.

Maintain observe of high crypto markets in actual time here

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