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Monday, July 31, 2017

Why Bitcoin Price Remains Stable Few Hours Before SegWit Activation

Why Bitcoin Price Remains Stable Few Hours Before SegWit Activation

Only hours remain before the widely-expected Bitcoin network’s SegWit activation and its anticipated fork. Expectations were very high of some panic-motivated reactions ahead of the Aug. 1, 2017 deadline.


Contrary to these expectations, there seems to be reasonable calmness within the Bitcoin ecosystem(at least on the surface, as reflected by price action).


After falling to below $1,800 in the middle of July, Bitcoin price has recovered to be trading around $2,700 as at the time of writing.


But more significant is the overall market behavior which is expressing relative calmness as price movement are less volatile than is usually experienced in seasons of anticipation.


Full story at http://bit.ly/2hgk56Z


Source: CoinTelegraph


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