Cryptocurrency markets fell hard on August 21 following the $700 price drop bitcoin core (BTC) saw during the early morning trading sessions. Most digital assets have lost 2-8% in value as the overall market valuation of all 2,000+ coins has plunged to $263 billion. Crypto price movements have been following a trend of strong volatility, having been turbulent for several weeks.
The Top Digital Currency Markets See Percentage Losses
BTC and a slew of other digital assets dropped significantly on Wednesday. At the time of publication, there’s been around $59 billion worth of daily trades happening between the most popular coins. BTC holds the top position and commands 69% of the $263 billion dollar market cap. At the moment, BTC is hovering at around $10,124 per coin and has an overall market valuation of about $181 billion. The top fiat currencies traded with BTC on Wednesday include JPY and USD and tether (USDT) captures more than 66% of all BTC trades. BTC has lost 5.8% over the last 24 hours and 2% in the last seven days.
The second highest valued market cap belongs to ethereum (ETH) where each coin is being swapped for $185 per coin. ETH is down 5.8% today and there’s $7.4 billion in global ETH trades. Following ETH is ripple (XRP) which has seen the least volatility over the last few weeks. One XRP is trading for $0.26 and markets are down 3.3% today and 4.9% for the week.