Bitcoin begins a new week with a new record under its belt—the highest weekly close in almost three years. The weekend produced even higher highs for Bitcoin as excitement spilled over from last week. Far from being flat, volatility was in evidence as BTC/USD climbed to highs of $13,370.
Bitcoin lost almost $1,000 on August 11, but $11,000 remains support and bulls have not yet lost control—what next? Data from price trackers including CoinMarketCap painted a mixed picture for Bitcoin Tuesday as a fresh attempt to crack $12,000 saw a firm rejection. After coming within $40 of those levels, a bearish streak took BTC/USD to lows of $11,160 by the end of the day.