The crypto markets are somewhat bearish today, August 21, with virtually all of the top twenty coins by market cap seeing losses of 3-6 percent on average, as Coin360 data shows.
Bitcoin continues to show relative resilience - the top coin nonetheless continues to trade below the $6,500 price point.
Bitcoin is seeing virtually no change over the past 24 hours at press time, trading at around $6,400, according to Cointelegraph's Bitcoin price index.
On its weekly chart, Bitcoin has secured a 6.3 percent gain - the asset's monthly losses remain at a stark 13.4 percent.
Ethereum is trading around $277.5 at press time, down around 4 percent on the day.
On the month Ethereum remains down by a staggering 40 percent.
Almost all of the other top twenty coins on CoinMarketCap's listings are in the red, with the exception of VeChain, ranked 19th, which is up 4 percent on the day.
Cardano has seen a comparable dip, down 5.2 percent at $0.09.
Bitcoin Cash, also decisively in the red, is down 3.4 percent and is trading around $528 at press time.
While the market continues to show strain, discussions are this week underway in South Korea to potentially reverse the country's ban on initial coin offerings.
Altcoins See Red, While Bitcoin Shows Dogged Resilience
Published on Aug 21, 2018
by Cointele | Published on Coinage
Coinage
Mentioned in this article
Recent News
View All
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.