Bitcoin Roller Coaster Ride Continues as Cryptos Trade Higher By

© Reuters. – Bitcoin traded lower, extending weekly losses, despite overall gains in cryptocurrencies on Friday.

fell 4.2% to $11,346.1 on the Index by 11:01 AM ET (15:01 GMT), taking weekly losses to 4.7%.

The typically volatile digital asset has seen a roller-coaster ride since mid-June that took it from $7,888 to a 2019 high of $13,929.8 on June 26 before undergoing a correction that took it to $9,728.5 just last Tuesday.

While still far from all-time highs of nearly $20,000 and despite the large fluctuations in its price on a daily basis, bitcoin has rallied more than 200% so far this year.

Cryptocurrencies overall traded higher on Wednesday, with a total cryptocurrency market capitalization of $323.21 billion, compared to $319.48 billion a day earlier.

That was despite the fact that bitcoin’s closest rivals also saw losses. dropped 1.2% to $291.17, down 5.0% on the week. fell 3.1% to $0.3822, off 7.9% in the last seven days, while traded down 2.3% to $119.30, but managed to hold onto weekly gains of 0.5%.

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