Bitcoin Price Drops on the Day as Altcoins Send Mixed Messages
Kollen Post's original article for cointelegraph.com reduced by 60%
Saturday, Aug. 10 - the top 20 cryptocurrencies are reporting largely reddish movement on the day, as Bitcoin price saw a sudden dip earlier today. 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.
The second-largest altcoin, Ripple's XRP, has a market cap of $12.45 billion at press time. At press time, ETH is trading at around $206. On the week, the coin has dropped about 6.82% of its value.
XRP is down by 2.18% over the last 24 hours and is currently trading at around $0.296. On the week, the coin is down by roughly 5.62% as of press time. While Tezos experienced a price surge earlier this week following Coinbase's announcement of support for the coin, XTZ is down by just over 5% on the day as of press time, the largest loss among top 20 cryptocurrencies.
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