Crypto Markets Turn Red, With BTC Price Stuck Below $8,100

Tuesday, Oct. 22 - Crypto markets are mostly showing red candlesticks, while Bitcoin fails to impress with a sudden drop below the $8,100 price point.

Bitcoin was trading above the $8,200 price mark for the better part of the day, but has dipped below $8,100 in recent hours.

The world's largest cryptocurrency traded at an intraday high of nearly $8,300, before losing ground towards its current trading price of around $8,040.

For the second time, Bitcoin attempted to break above the $8,300 price point only to endure swift rejection.

As Cointelegraph previously reported, BTC did not show any impressive price movements since the start of the weekend, when it managed to exit the $7,000 range.

The number one altcoin saw a small dip in sync with BTC and is showing a loss of around 1.3% at publishing time.

"If the bulls can push the price above the moving averages, a rally to the top of the range at $196.483 is possible. A break of this level can carry the price to $235.70 with minor resistance at $223.999.".

The news of San Francisco-based blockchain startup Ripple, adding three new appointments to its global regulatory team and joining the Blockchain Association, did not have any effect on the price of XRP.XRP seven-day price chart.

All of the top 20 coins are showing red candlesticks, with Bitcoin SV taking the title of worst top-20 performer of the day, showing a 4.5% loss on the day.

Although not in the top 20, the number 27 by market cap, Brave Browser's Basic Attention Token, is showing impressive gains of more than 11% on the day, to trade at $0.24 per coin at press time.