Altcoins See Red, While Bitcoin Shows Dogged Resilience

Publicado en by Cointele | Publicado en

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.

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