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

Tuesday, Aug. 13 — Bitcoin (BTC) falls under the $11,000 mark again as most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time.

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

Market visualization courtesy of Coin360

Bitcoin’s price is currently down by 3.12% on the day, trading at around $11,019, according to Coin360. Looking at its weekly chart, the coin is up by about 6.55%.

Still, multiple sources — including Cointelegraph’s market information tools — report that Bitcoin’s price is currently under $11,000. Furthermore, according to cryptocurrency information platform CoinMarketCap, Bitcoin is currently trading under $11,000 on many exchanges, including BitMex, Binance, OKEx, and Huobi.

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

Bitcoin 7-day price chart. Source: Coin360

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

At press time, the total market capitalization of all cryptocurrencies is $287.5 billion, about 6.47% lower than the value reported a week ago.

After breaking $11,000 on August 4, Bitcoin has spent most of the past week bouncing around the $11,000-$12,000 range, briefly breaking into the $12,000s at separate points on August 6, 7 and 8 before a sudden $400 slip in value on August 10.

Keep track of top crypto markets in real time here

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