Cryptocurrency Market Sees Red as Bitcoin Still Struggles Under $12,000 By Cointelegraph


© Reuters. Cryptocurrency Market Sees Red as Bitcoin Still Struggles Under $12,000

Friday, Aug. 9 — (BTC), Ether (ETH) and are slumping along with the rest of a largely red cryptocurrency market.

Bitcoin is trading at$11,910 at press time, with approximately a 1.16% loss on the day. Bicoin has broken $12,000 three times this week, but has lost traction at or above that price point. Nonetheless, some BTC bulls are saying that the current market conditions indicate only a temporary setback for its inevitable surge beyond the previous all-time high. Serial VC investor Tim Draper commented:

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