Bitcoin Nonetheless up on the Week After Failing to Maintain $11,000


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

Market visualization

Market visualization courtesy of Coin360

Bitcoin’s value is presently down by 3.12% on the day, buying and selling at round $11,019, in keeping with Coin360. Taking a look at its weekly chart, the coin is up by about 6.55%.

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 price chart

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.

Maintain monitor of prime crypto markets in actual time here



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  • bitcoinBitcoin
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