Major Coins Report Mixed Signals, Bitcoin Hovers Around $11,700

Tuesday, Aug. 6 - Major cryptocurrency markets have continued suffering losses over the past several hours as Bitcoin 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. Bitcoin 7-day price chart.

The second largest cryptocurrency by market capitalization, Ether, is currently down by roughly 0.77% over the past day and is trading at around $230.24 at press time.

In terms of its monthly performance, ETH is still down, having lost 21.44%. Ether 7-day price chart.

XRP is seeing the losses of 1.01% on the day and is trading at around $0.318 at press time.

The third-largest cryptocurrency's intraweek low was around $0.308 on July 30, while the highest price point of $0.326 was recorded earlier today.

On its monthly chart, XRP is down by 20.46%. XRP 7-day price chart.

Total market capitalization of all cryptocurrencies is around $306.3 billion as of press time, up from the intraweek low of around $265 billion on July 31.