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Bitcoin Falls Under $7,200 After Hitting Record High of $7,600- Nov 6th Cryptocurrency News

598 views · Published 6 November 2017 · 2:24 · Indexed 6 November 2026

Channel: NEWSBTC · 2017 · People & Blogs

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The total cryptocurrency market cap climbed to an all-time high of over $200 billion. Bitcoin dominates over 61% of the market. So let’s take a closer look at its performance. Today we saw it fall lower, dropping below $7,200. We saw Bitcoin hit a record high on Sunday the 5th of November. It climbed past $7,500 and even $7,600 on some exchanges before falling lower. Bitcoin has experienced rapid growth over the past few months, but how long will it be able to maintain this momentum and how high can it go before suffering a dramatic drop? Bitcoin’s Segwit2x fork is expected to take place this month so it will be interesting to see what sort of impact this will have on Bitcoin’s performance.

Bjork is one of the latest celebs to embrace the cryptocurrency world as you can purchase the album in bitcoin, lite coin, dash or audio coin. Cryptocurrencies have become a hot trending topic and more celebrities are getting involved in the crypto world. Paris Hilton and Floyd Mayweather both promoted ICO’s over the past few months. The Securities and Exchange Commission recently issued a warning about celebrity cryptocurrency related endorsements. It stated that “celebrities who endorse an investment often do not have sufficient expertise to ensure that the investment is appropriate and in compliance with federal securities laws.” It advises the public to conduct research before making investments, including in ICOs.

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