{"id":8260,"date":"2023-08-22T03:25:03","date_gmt":"2023-08-22T03:25:03","guid":{"rendered":"https:\/\/www.btse.com\/blog\/?p=8260"},"modified":"2023-08-22T07:12:44","modified_gmt":"2023-08-22T07:12:44","slug":"crypto-prices-continue-slide-following-weekend-onslaught","status":"publish","type":"post","link":"https:\/\/www.btse.com\/blog\/crypto-prices-continue-slide-following-weekend-onslaught\/","title":{"rendered":"Crypto Prices Continue Slide Following Weekend Onslaught"},"content":{"rendered":"

Trending Tokens on BTSE:<\/b><\/p>\n\n\n\n\n\n\n\n
Asset<\/b><\/div><\/td>\n
Price<\/b><\/div><\/td>\n
24h %<\/b><\/div><\/td>\n<\/tr>\n
Bitcoin (BTC)<\/span><\/a><\/div><\/td>\n
$26,050.50<\/span><\/div><\/td>\n
-0.17%<\/span><\/div><\/td>\n<\/tr>\n
Ethereum (ETH)<\/span><\/a>\u00a0<\/span><\/div><\/td>\n
$1,666.46<\/div><\/td>\n
-0.75%<\/span><\/div><\/td>\n<\/tr>\n
Ripple (XRP)<\/span><\/a><\/div><\/td>\n
$0.52201<\/div><\/td>\n
-2.4%<\/span><\/div><\/td>\n<\/tr>\n
Dogecoin (DOGE)<\/a><\/div><\/td>\n
$0.062766<\/span><\/div><\/td>\n
-1.78%<\/span><\/div><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

(as of 10:30 AM Singapore Time, August 22, 2023)\u00a0<\/span><\/i><\/p>\n

 <\/p>\n

As the trading day began today in Asia, traders found crypto prices to have continued their downward trend overnight. After a sharp drop across the board – leaving Bitcoin at around $26K and Ethereum at $1.6K – the tokens have continued their descent, experiencing retreats of 0.17% and 0.75% respectively. Altcoins Ripple (XRP) and Dogecoin (DOGE) have also not been immune to this wider trend, with each of them also facing minor slides in price following the onslaught on crypto prices over the weekend.<\/p>\n

Many analysts see a primary catalyst of this price drop to be the inaction on behalf of the US SEC on various Bitcoin ETF applications, leading to growing concerns about the fate of such investment products. While in the short term, this negative sentiment is leading to further slides in prices across the crypto market, analysts see a possible SEC approval of such Bitcoin ETF products as a potential bullish catalyst going forward.<\/p>\n

Up-and-coming crypto social media platform Friend.tech has exploded in popularity in recent days, having recently crossed the 100,000 user milestone overnight.<\/a> The platform has attracted users uninitiated with crypto and crypto veterans alike through both its integration with its own token, called ‘Keys’ – and collaborations with a variety of popular mainstream personalities, such as influential esports community FaZe Clan co-founder Richard Bengtson, and NBA player Grayson Allen.<\/p>\n

 <\/p>\n

Trade Bitcoin on BTSE <\/span>here<\/span><\/a>.<\/span><\/p>\n

Trade Ethereum on BTSE <\/span>here<\/span><\/a>.<\/span><\/p>\n

Join our Telegram news channel <\/span>here<\/span><\/a>.<\/span><\/p>\n

 <\/p>\n

\n

Our aim is to create a platform that offers users the most enjoyable trading experience. If you have any feedback, please reach out to us at\u00a0<\/i>feedback@btse.com<\/i><\/a> or on Twitter @BTSE_Official.<\/i><\/p>\n

Note: BTSE Blog contents are intended solely to provide varying insights and perspectives. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Markets are volatile, and trading brings rewards and risks. Trade with caution.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

Trending Tokens on BTSE: Asset Price 24h % Bitcoin (BTC) $26,050.50 -0.17% Ethereum (ETH)\u00a0 $1,666.46 -0.75% Ripple (XRP) $0.52201 -2.4% Dogecoin (DOGE) $0.062766 -1.78%         (as of 10:30 AM Singapore Time, August 22, 2023)\u00a0   As the trading day began today in Asia, traders found crypto prices to have continued their downward […]<\/p>\n","protected":false},"author":1,"featured_media":8265,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9],"tags":[],"class_list":["post-8260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis"],"yoast_head":"\nCrypto Prices Continue Slide Following Weekend Onslaught — BTSE Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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