Investing.com – Bitcoin surrendered its gains Tuesday after briefly surging to above $11,000 for the first time in a week.

The move lower came as traders appeared to take profits off the table after bitcoin approached price levels said to present strong technical resistance – trading levels that trigger selling. This was bitcoin’s second attempt - in less than week - at making a sustained move above $11,000 after the popular digital currency rose to a nearly 3-week of $11,766 last week before coming under heavy selling pressure.

While there wasn’t a repeat of the selling pressure seen last week, investor demand did wane somewhat as the total cryptomarket cap fell to about $450 billion, from nearly $460 billion Tuesday.

On the bitfinex exchange, Bitcoin fell 0.55% to $10,642, while Ethereum fell 0.99% to $870.30.

Ripple’s XRP fell 4.08% to $0.90050 despite signs of ongoing interest in its platform after Chinese payment provider LianLian joined RippleNet. LianLian is said to process billions in payments between merchants, including major online retailers like eBay, Amazon (NASDAQ:AMZN) and Ali Express, and consumers.

Litecoin fell 4.20% to $208.50. The cryptocurrency has garnered much attention of late after a recent split or “fork,” in its blockchain led to creation of Litcoin Cash. Charlie Lee, creator of Litecoin, however, said in a tweet that Litecoin forks "a scam."

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