Market visualization courtesy of Coin360
Nonetheless, a number of sources — together with Cointelegraph’s market data instruments — report that Bitcoin’s value is presently below $11,000. Moreover, in keeping with cryptocurrency data platform CoinMarketCap, Bitcoin is presently buying and selling below $11,000 on many exchanges, together with BitMex, Binance, OKEx, and Huobi.
Bitcoin 7-day value chart. Supply: Coin360
As Cointelegraph reported earlier right this moment, former Goldman Sachs analyst turned Bitcoin maximalist Murad Mahmudov believes the highest cryptocurrency will hit $100,000.
At press time, the total market capitalization of all cryptocurrencies is $287.5 billion, about 6.47% decrease than the worth reported per week in the past.
After breaking $11,000 on August 4, Bitcoin has spent a lot of the previous week bouncing across 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.