RATE Group | Bitcoin Price Drops on the Day as Altcoins Send Mixed Messages
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Bitcoin Price Drops on the Day as Altcoins Send Mixed Messages

10 Aug Bitcoin Price Drops on the Day as Altcoins Send Mixed Messages

Posted at 22:28h in Bitcoin News by

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Saturday, Aug. 10 — the top 20 cryptocurrencies are reporting largely reddish movement on the day, as Bitcoin (BTC) price saw a sudden dip earlier today.

coin360

Market visualization courtesy of Coin360

Bitcoin’s price is currently down 4.62% on the day, trading at around $11,370 at press time, according to Coin360 after slipping from around $11,800 to $11,400 in a matter of minutes between 7:30 AM and 7:45 AM Coordinated Universal Time. Looking at its weekly chart, BTC is up by about 5.5%.

BTC

Bitcoin 7-day price chart. Source: Coin360

Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at $21.9 billion. The second-largest altcoin, Ripple’s XRP, has a market cap of $12.45 billion at press time.

Coin360 data shows that ETH has seen its value decrease by about 2.63% over the last 24 hours. At press time, ETH is trading at around $206. On the week, the coin has dropped about 6.82% of its value. 

ETH

Ether 7-day price chart. Source: Coin360

XRP is…

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