Bitcoin trading at $26,500, BTC loses almost 10% of its value in a week – CoinMarketCap

Over the last 24 hours, Bitcoin's rate sharply declined, with the cryptocurrency losing about 7.5% of its value. During this period, the asset's price dropped from $28,400 to $26,400. At one point, it even plummeted close to $25,000.

This was reported by CoinMarketCap.

Most positions in the top-10 by market capitalisation are also in the 'red zone':

• ETH lost over 6% in value in a day, falling to $1,691;
• BNB declined by more than 5.5% in value in a day, reaching $218;
• XRP dropped over 12% in value in a day, settling at $0.51;
• ADA Cardano shed over 4.6% of its value in a day, dropping to $0.26;
• Solana decreased by more than 5% in a day, standing at $22;
• Dogecoin fell over 8.7% in value in a day, descending to $0.062;
• TRX dropped by more than 2.5% in a day, touching $0.07.

Bitcoin's dominance index at one point fell to 49.59%. On the morning of 18 August 2023, it tried to surpass the 50 resistance level but then retracted, as per TradingView.

Background. Previously, Mind reported that the startup BitGo, which ensured the security of crypto assets, had raised $100 million at a valuation of $1.75 billion.