Bitcoin prices are up by an average of 3% on Tuesday, based on trading data.

According to analysts, the price of the cryptocurrency may soon return to decline, Prime reported.

The CoinMarketCap portal reported that bitcoin rose 2.9% to $ 11,760. On Binance, the largest cryptocurrency exchange in terms of trading volume, Bitcoin grew in price by 3.06% to $ 11,789. Bitcoin accounts for approximately 59.6% of the market.