Bitcoin Drops from $8.4K to $8.1K, Top-20 Coins See Red

Thursday, Oct. 3 - crypto markets have again failed to continue recovery trend as almost all the top 20 coins by market cap are seeing significant losses.

After climbing to as high as $8,414 over the past 24 hours, Bitcoin is down 1.4% to trade at $8,115 at press time.

The biggest cryptocurrency by market cap has seen some volatility over the past 7 days, hitting its intraweek high of $8,492 on Oct. 1 after dipping to as low as $7,833 on Sept. 30.

Over the 7-day period, Bitcoin is down around 2%.Bitcoin's dominance on the market accounts for 67.6% at press time.

Ether, the second cryptocurrency by market cap, is down nearly 2% over the past 24 hours to trade at $171 at press time.

Still, the top altcoin is up more than 4% over the past 7 days.

XRP is down the most among top 20XRP, the third top cryptocurrency by market cap, slid by almost 3% today, trading at $0.244 at press time.

XRP is still green around 0.5% over the past 7 days at press time.

While XRP is seeing the biggest losses among the top 20 coins by market cap, UNUS SED LEO is seeing the mildest losses at press time, with its price being almost flat over the past 24 hours.

The state of Ohio was reported to become the first state to accept Bitcoin as tax payment in November 2018.While Ohio wants to suspend the option of tax payment in Bitcoin, the U.S. House of Representatives Financial Services Committee asked the Federal Reserve if there are any plans for launching a U.S. dollar digital currency in a letter on Sept. 30.