Bitcoin Price Fights to Hold $10K Support While Altcoins See Drops

Saturday, Aug. 24 - crypto markets continued to see red today as Bitcoin has dipped below $10,000 price mark several times over the past 12 hours.

Only two out of the top-20 coins by market cap are seeing gains over the past 24 hours at press time, including Cardano and NEO, which are up 1.3% and 2.6%, respectively.

Bitcoin is trading at $10,066 at press time, down 3.3% over the past 24 hours.

The biggest cryptocurrency has dropped below $10,000 threshold three times over the past 12 hours and dropped below yesterday's low of $10,078, according to data from CoinMarketCap.

Losses over the past 7 days constitute 1.3% at press time.

Ether, the second-largest cryptocurrency by market cap, is down 2.3% to trade at nearly $190 at press time.

XRP, the third cryptocurrency by market cap, tumbled 2.2% to $0.269 at press time.

Total market capitalization slipped from $270 billion at the beginning of the day to $263 billion at press time.

Privacy-focused altcoin Monero is seeing the biggest losses among top-20 coins by market cap, down nearly 5% over the past 24 hours.

Commenting on Carney's recent call for a global monetary system to replace the U.S. dollar, crypto and blockchain expert Joseph Young noted that it is a "Very interesting time for bitcoin and gold" as the currency war is intensifying alongside rising geopolitical risks.