Bitcoin Watch – Bitcoin tumbles but analysts stay positive

Bitcoin took a sharp tumble over the weekend, dropping almost 10% in 24 hours. In its entirety, it hasn't been a good week for the crypto either which has been gradually slipping. Bitcoin supporters were quick to defend the world's largest cryptocurrency, with Morgan Creek digital Co-Founder, Anthony Pompliano, stating in a tweet: "Bitcoin's compounded annual growth rate is $235% over almost a decade… The most valuable thin air in the world." At time of publishing Bitcoin sits at USD9,222, down from just above USD13,000 earlier in July.

Stay updated here with how the cryptocurrency is tracking:

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