RATE Group | Crypto Markets Descending, With Bitcoin Price Sinking Below $10,200
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Crypto Markets Descending, With Bitcoin Price Sinking Below $10,200

17 Aug Crypto Markets Descending, With Bitcoin Price Sinking Below $10,200

Posted at 21:24h in Bitcoin News by

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Saturday, Aug. 17 —  Most major cryptocurrency markets have seen a slight drop today, with Bitcoin (BTC) falling below the $10,200 price point, according to data from Coin360.

Market visualization

Market visualization. Source: Coin360

BTC is trading at around $10,197 at press time, down roughly 3% on the 24-hour period to press time. Today, BTC saw a drop to as low as $9,765 before trading sideways around its current level. Bitcoin is now down almost 14% on the week, while on its monthly chart the coin is up by 6.73%.

Bitcoin 7-day price chart

Bitcoin 7-day price chart. Source: Coin360

The second-largest cryptocurrency by market cap, Ether (ETH) started the day at $182.96. The altcoin mirrored Bitcoin’s drop earlier today, subsequently experiencing a gradual and jagged decline over the course of the day. Ether has lost over 14% on the week and 11% in terms of its monthly performance.

Ether 7-day price chart

Ether 7-day price chart. Source: Coin360

XRP is currently trading in the green at around $0.263, leaving it up 0.46% over the past day. Earlier…

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