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Bitcoin Price Drops on the Day as Altcoins Send Mixed Messages

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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 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.

XRP

XRP 7-day price chart. Source: Coin360

Among the top 20 cryptocurrencies, Cardano (ADA) and Chainlink (LINK) are reporting the most notable gains on the day, at 10.46% and 5.46%, respectively. 

While Tezos (XTZ) 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. 

The current total market capitalization of all cryptocurrencies stands at $294.2 billion, about 1.2% higher than reported a week ago.

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Crypto News

Cryptocurrencies price prediction: Bitcoin, Ethereum & Ripple

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Bitcoin price analysis: BTC/USD lethargic under $10,000

Bitcoin price is dancing slightly under $10,000 after failing to maintain headway over the weekend session. The bears are still holding onto the joystick. A triangle breakout will strongly determine where Bitcoin heads to next.

 

Ethereum market update: ETH/USD struggling with a lower high pattern

Ethereum was easily among the best performing cryptocurrencies last week. Besides, rising to a one-month high around $225, the buyers nagged to defend the critical $200 support building bear pressure cross the market.

Ripple market overview: XRP/USD falling wedge pattern breakout looms

Ripple price continued with the lower leg action throughout the weekend session. The trading on Monday also started with the bears cementing their position and influence over the price. 

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