Bitcoin Plummets to $64,190 Amid Investor Sentiment Shift
At 6:30 a.m. Eastern Time on August 11, 2026, the price of Bitcoin (1 BTC) is $64,190.41. This represents an $813.16 decrease from yesterday morning and about a $54,500 loss compared with the price one year ago.
Bitcoin's market capitalization sits around $1.33 trillion, far above runner-up Ethereum, which has a market value of roughly $233 billion. Many investors are drawn to Bitcoin because they see it as a potential hedge against inflation or simply as a way to add another asset class to their portfolio.
The performance of Bitcoin has been massive over the past decade, often beating the returns of major stock market indices. However, like other cryptocurrencies, Bitcoin is exposed to extreme volatility and can experience rapid price swings.