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

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. 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. 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. Source: Coin360

XRP is currently trading in the green at around $0.263, leaving it up 0.46% over the past day. Earlier today, the altcoin saw an upswing to $0.267. On its weekly and monthly charts, XRP is down by 11.43% and 14.24% respectively.

XRP 7-day price chart. Source: Coin360

Apart from XRP, only Cardano (ADA), UNUS SED LEO (LEO), Chainlink (LINK), and IOTA (MIOTA) are reporting gains on the day among top-20 cryptocurrencies.

As reported earlier today, Bitcoin SV blockchain developer and blockchain organization service Open Directory creator synfonaut launched a consulting service called Office Hours. This service connects developers in need of assistance with experienced Bitcoin SV developers for help on Bitcoin SV projects.

Also today, Cointelegraph reported that crypto lending firm Nexo had paid its token holders a total of $2,409,574.87 in dividends, reaching an annualized dividend yield of 12.73%.