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

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

Posted at 15:33h in Bitcoin News by

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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.

Market visualization

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 7-day price chart

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…

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