NEWSBTC's video: Bitcoin Falls Under 12 000 After Surging Past 13K Yet Again - July 11th Cryptocurrency News

This week we saw Bitcoin surge all the way past $13,000 before suffering some losses again. Bitcoin currently dominates over 65% of the total cryptocurrency market. Today we saw Bitcoin suffer losses of more than 10%. Yesterday it jumped all the way past $13,000. Today we saw Bitcoin drop under $12,000. It is currently over $11,700. This day last year Bitcoin was only around $6,400. At the end of June we saw Bitcoin hit its highest level so far this year, surging past $13,700. Bitcoin had a very bad start to the year, but we saw it gradually move higher, and then news regarding Facebook’s plans to create it very own digital currency gave the most popular cryptocurrency a really big boost. According to a Bloomberg article this week, India is not keen on this idea. According to the South China Morning Post, this news has motivated China’s central bank to step up research into producing its own cryptocurrency. And Fed Chairman Jerome Powell recently shared some of his “serious concerns” regarding Libra. This week KuCoin announced the launch of the public beta of its derivatives trading platform. KuMEX will firstly open the Bitcoin Perpetual Contract. It is quoted in USD, denominated in Bitcoin and promises to offer up to 20 times leverage. And BitTorrent. this week announced the release of BitTorrent Speed. BitTorrent Speed is a software that connects and rewards users with BitTorrent tokens. It will be integrated into new downloads of the µTorrent Classic Windows client. Please remember this is news, not investment advice.