Cryptocurrency Market Sees Red as Bitcoin Slumps Below $11,000 By Cointelegraph


© Reuters. Cryptocurrency Market Sees Red as Bitcoin Slumps Below $11,000

Tuesday, Aug. 13 — (BTC), Ether (ETH) and continue to bleed amid a crypto market turning red.

Bitcoin is trading at $11,005 at press time, with a 3.83% loss on the day. Bitcoin broke $12,000 three days in a row, from Aug. 6 to Aug. 8., but never managed to hold these highs for a significant period of time. Then on Saturday, Aug.10, BTC price fell by about $400 in just an hour. Price has continued downward since then, and has even dipped below $10,900 today.

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