It is not been the best week for BTC, after passing the $13,000 price range the number one crypto by market capitalization started tanking by as much as $2,000 the next day.
BTC is currently trading at around $11,800 and moving sideways but compared to earlier this week it is way down.
No one is really sure what was the catalyst of the sell off but many are saying that the price of bitcoin were affected by the negative statements of Federal Reserve Chairman, Jerome Powell and U.S. President Donald Trump.
President Trump on the other hand took to twitter to state what he feels about bitcoin stating that he is not a fan of the emerging asset class which is mainly use in illicit activities and speculation.
Headlines for the world of Cryptocurrencies - July 12, 2019
- PwC Reports Token Sales In Q1 Raised $3.3 Billion
- Crypto Too Disruptive To Ignore
- Binance Suggest Merge Mining To Mitigate Halving Shocks
- First Consumer-Facing Blockchain Token Approved By SEC
- Another Bitcoin Derivatives Soon To Hit The U.S.
Headlines for the world of Cryptocurrencies - July 11, 2019
- Blockstack Token Offering Approved By SEC
- Shell Invested In Blockchain Start Up For Energy Tracking
- Registration With Financial Watchdog A Requirement In Canada For Crypto Exchanges
- Bitcoin Core Developers Gets $60,000 Grant From Bitmex
- Gemini Eying Libra Association Membership
Headlines for the world of Cryptocurrencies - July 10, 2019
- Samsung Releases SDK For Ethereum Developers
- Ban On USD Creates Massive Interest On BTC In Zimbabwe
- The Hashrate Growth Of Bitcoins Continues To Accelerate Reaching New Highs
- Coinbase And Aon Launching Regulated Insurance
- Election Authority In The U.S. Set To Decide On Member’s Ethereum Token Initiative
