But, the bullion recovered rapidly to settle around $1,940. As it is the case that happens, gold also experienced a price drop on August 21 from $1,950 to record a daily low at $1,910. The latest turmoil might have been caused by the strengthening dollar and investors shifting to the risky assets away from gold and other haven assets. However, most analysts, experts, and commentators believe that the bears will rule in the short-term. The whole crypto space took a direct hit and there is still confusion on what will happen next. OMG Network sheds around 25% after enjoying a massive surge on August 20. Tezos, TRON, Monero, NEO, and Cosmos from the top 20 cryptos lost about 11% to 15%.

Ethereum has lost around 5% to reach $390, Ripple (-4%), BitcoinSV (-7%), Bitcoin Cash lost (-5%), Chainlink (-8%), Litecoin recorded (-6%), and Binance Coin (-5.5%) from the top 10. Nonetheless, BTC bounced off from there and is currently trading at $11,680 (on Bitstamp). Although some analysts and experts remain bullish about the crypto market, the fall of Bitcoin has resulted in a considerable drop of almost all the other altcoins to lower levels. The past two days have seen a significant market slump that has made Bitcoin (BTC) lose over 4% from the recent highs.

Bitcoin bar chart 4h