On Saturday, August 10, the top 20 cryptocurrencies reported mostly negative results for the day. Bitcoin in particular saw a sudden dip early in the day. Bitcoin trades under the BTC label. The price of Bitcoin dropped about 4.62 percent for the day. Its value was around $11,370 at the close of the trading day, explains Coin 360. This is down from a peak day value of $11,800. The drop took place between 7:30 am and 7:45 am on Coordinated Universal Time. For the week, Bitcoin is up by about 5.5 percent, despite the drop in value on Saturday.
Ether has held on to its position as the largest alternative coin when measured by market cap. The market cap currently stands at $21.9 billion. The second-largest alternative coin in value is XRP by Ripple. It has a market cap of $12.45 billion as of the close of trading on Saturday, August 10.
The information from Coin 360 shows that Ether has seen a decrease in its value by about 2.63 percent over the past 24 hours, or as of the close of trading on Saturday, August 10. Its ending trading value was around $206. For the week, Ether dropped about 6.82 percent of its starting value.
The XRP cryptocurrency has lost about 2.18 percent of its value as of the 24 hours ending Saturday's trading. It currently trades around $0.296 per share. For the week, it lost about 5.62 percent of its value.
Also in the top 20 cryptocurrencies, Cardano and Chainlink reported some notable gains for the end of the trading day on Saturday, August 10. Cardano gained 10.46 percent, and Chainlink gained 5.46 percent for the day.
Tezos had a price surge early in the week. That surge followed Coinbase's announcement of support. It lost about 5 percent for the trading day of Saturday, August 10. This was the largest loss of all the top 20 cryptocurrencies. The total market value of all cryptocurrencies is around $294.2 billion, which is about 1.2 percent more than the total market value of all cryptocurrencies from the previous week.