Bitcoin Still up on the Week After Failing to Hold $11,000

Tuesday, Aug. 13 — Bitcoin (BTC) falls underneath the $11,000 mark once more as most of the high 20 cryptocurrencies are reporting reasonable losses on the day by press time.

Market visualization courtesy of Coin360

Bitcoin’s value is at present down by three.12% on the day, buying and selling at round $11,019, in accordance to Coin360. its weekly chart, the coin is up by about 6.55%.

Still, a number of sources — together with Cointelegraph’s market data instruments — report that Bitcoin’s value is at present underneath $11,000. Moreover, in accordance to cryptocurrency data platform CoinMarketCap, Bitcoin is at present buying and selling underneath $11,000 on many exchanges, together with BitMex, Binance, OKEx, and Huobi.

Bitcoin 7-day price chart

Bitcoin 7-day value chart. Supply: Coin360

As Cointelegraph reported earlier immediately, former Goldman Sachs analyst turned Bitcoin maximalist Murad Mahmudov believes the high cryptocurrency will hit $100,000.

At press time, the whole market capitalization of all cryptocurrencies is $287.5 billion, about 6.47% decrease than the worth reported every week in the past.

After breaking $11,000 on August four, Bitcoin has spent most of the previous week bouncing round the $11,000-$12,000 vary, briefly breaking into the $12,000s at separate factors on August 6, 7 and eight earlier than a sudden $400 slip in worth on August 10.

Maintain monitor of high crypto markets in actual time right here

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