Altcoins See Red, While Bitcoin Shows Dogged Resilience

The crypto markets are somewhat bearish today, August 21, with virtually all of the top twenty coins by market cap seeing losses of 3-6 percent on average, as Coin360 data shows.

Bitcoin continues to show relative resilience - the top coin nonetheless continues to trade below the $6,500 price point.

Bitcoin is seeing virtually no change over the past 24 hours at press time, trading at around $6,400, according to Cointelegraph's Bitcoin price index.

On its weekly chart, Bitcoin has secured a 6.3 percent gain - the asset's monthly losses remain at a stark 13.4 percent.

Ethereum is trading around $277.5 at press time, down around 4 percent on the day.

On the month Ethereum remains down by a staggering 40 percent.

Almost all of the other top twenty coins on CoinMarketCap's listings are in the red, with the exception of VeChain, ranked 19th, which is up 4 percent on the day.

Cardano has seen a comparable dip, down 5.2 percent at $0.09.

Bitcoin Cash, also decisively in the red, is down 3.4 percent and is trading around $528 at press time.

While the market continues to show strain, discussions are this week underway in South Korea to potentially reverse the country's ban on initial coin offerings.