Bitcoin (BTC) Absorbs Sell Pressure, Will $11,200 Hold?

Bitcoin (BTC) up 2.8 percent
Hackers strike Bitpoint, user funds stolenBitpoint is the latest Japanese exchange to lose customer funds through a hack. In an announcement, the exchange said it lost $32 million worth of Bitcoin, Litecoin and other coins stored in their hot wallet. At the time of press, BTC is up 2.8 percent.
Fundamentals
Japan is known for its flexibility. As one of the early adopters, Japanese regulators are firm on their oversight. Formulating and implementing consumer-centric