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Monday, July 17, 2017

Bitcoin Crashes as Chain-Split Risks Increase

Bitcoin Crashes as Chain-Split Risks Increase

Bitcoin fell below $1,900 today, from around $2,600, as the fast approaching August 1st deadline nears, seemingly considerably increasing uncertainty among traders and investors.

The currency has been experiencing a downtrend for much of June and July, falling from around $3,000 to just above $1,900 at the time of writing, with the downwards price movement seemingly accelerating in the past few days.

The main reason is probably because the currency’s more than two years long debate is to reach a conclusion on August the 1st when bitcoiners decide which way they are to go and how.

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