Bitcoin Drops Below $10K as Crypto Markets Dip

As seen above, the biggest loser among the top 10 cryptocurrencies is bitcoin cash (BCH), down 10.58 percent in the last 24 hours. It's also down 24.11 percent from the recent high of $1,641.40. The cryptocurrency's ascent was cut short by key resistance around $1,533, shows Bitfinex data.

Also, taking a beating today is Ripple's XRP. As of writing, the token is changing hands at $0.975152 - down 8.89 percent in the last 24 hours.

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Within 24 hours Bitcoin has dropped over 8 percent

CoinDesk reported yesterday that Ripple has added five new payments clients in four countries. Further, San Francisco-based startup has also released white papers hinting at an upgrade for the underlying technology of XRP. However, the today's drop indicates the good news has been ignored by the markets or is being overshadowed by the broad-based losses in crypto space.


Whatever the case, XRP is looking heavy on the technical charts. Also, it is worth noting the cryptocurrency is down 24.99 percent from the recent high of $1.3 (reached Feb. 10).

The BPI closed (as per UTC) above $11,000 on Feb. 17, but has since struggled to maintain the bullish momentum.

Hope it will gain its market again!!!