Bitcoin Still up on the Week After Failing to Hold $11,000
Bitcoin falls under the $11,000 mark again, nullifying only a portion of this week’s gains.
Market visualization courtesy of Coin360
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 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 Aug. 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 Aug. 6, 7 and 8 before a sudden $400 slip in value on Aug. 10.