Crypto Markets Turn Red Once Again, Bitcoin Price Hovers Under $8K

Published on by Cointele | Published on

Friday, Oct. 18 - Bitcoin is suffering from further downward selling pressure and continues to trade below the $8,000 price mark.

Bitcoin traded below the $8,000 price mark for most of the day.

The world's largest cryptocurrency traded at an intraday high of around $8,135, with a sudden dip toward $7,900, before settling down at its current trading price of $7,952.

BTC shows a subtle loss of around 1.6% in the past 24 hours.

Ether is currently sitting at $173.43 per coin.

Upadhyay said Ether is likely to drop to the critical support zone of $161.056 to $151.829.Ether seven-day price chart.

XRP failed to grind its way up to the $0.30 price point after yesterday's 5% jump on the day.

The third-largest coin by market capitalization is currently trading at $0.294 per coin, down 1.93% at press time.

Most of the top-20 coins are showing red candlesticks.

The overall cryptocurrency market cap decreased from $220.3 billion to $216.9 billion, with Bitcoin making up 66.1% of the total.

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