Follow up to the hour updates on what is happening in crypto today, August 20. Market movements, crypto news, and more!
Author
Jai Pratap
Author
Jai Pratap
About Author
Jai serves as the Asia Desk Editor for Cryptonews.com, where he leads a diverse team of international reporters. Jai has over five years of experience covering the web3 industry.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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The crypto market is showing bearish signal today, with nearly all major sectors posting steep losses. Overall market sentiment has slumped as tokens across the board fell between 2% and 6% in the past 24 hours. Ethereum (ETH) dropped 4.79% to slip under $4,100, while Bitcoin (BTC) slid 2.69% below $113,000. The PayFi sector, which showed strength yesterday, crashed 5.65%, led by sharp declines in XRP (-5.52%) and Telcoin (-7.17%). Other sectors, including CeFi, Layer1, Layer2, and DeFi, also posted heavy declines, though some tokens like OKB (+5.76%), and Mantle (+5.51%) managed to buck the trend.
But what else is happening in crypto news today? Follow our up-to-date live coverage below.
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Jai serves as the Asia Desk Editor for Cryptonews.com, where he leads a diverse team of international reporters. Jai has over five years of experience covering the web3 industry.
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