Tuesday, Aug. 6 — Major cryptocurrency markets have continued suffering losses over the past several hours as Bitcoin (BTC) has come back down to around $11,700 after a jump to $12,300 earlier today.
BTC has effectively returned to its level of 24 hours ago to trade at around $11,759 at press time. During the past day, BTC has been trading in a narrow corridor between $11,020 and $12,239 — the coin’s highest price point on the day.
Today, former Wall Street trader Max Keiser claimed that Bitcoin dominance is heading to 80% and that altcoins are dying, further urging the public to rotate out of other crypto assets and into BTC.
Read the full review: https://bitcoin2day.net/major-coins-report-mixed-signals-bitcoin-hovers-around-11700/