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Sunday, October 8, 2017

Crypto News: Bitcoin Price Rises to $4,450 Despite Looming SegWit2x Fork

Bitcoin Price Rises to $4,450 Despite Looming SegWit2x Fork

It has to be said, there are hardly any boring days in the world of cryptocurrency. Even when the Bitcoin price goes down, there will always be currencies trying to buck the trend. When the Bitcoin price goes up, however, virtually all other major currencies will thrive as a result. That is exactly what we are seeing today, with the minor exception of Bitcoin Cash. Then again, BCH has to fight its own battles, as it aims to distinguish itself from Bitcoin itself.

Things are looking pretty positive overall for the leading cryptocurrency. More specifically, the 2.81% 24-hour increase has elevated the Bitcoin price all the way to US$4,455 once again. It has been a while since we last saw this price point, but touching it again can only be considered a positive sign. A lot of traders and speculators have remained bullish on Bitcoin even though we underwent a correction not long ago.

Whether or not the continued bullishness is justified remains to be determined. However, seeing the Bitcoin price go back up over US$4,450 is highly significant, especially considering that the SegWit2x hard fork is almost upon us. Whether or not this fork will disrupt the Bitcoin price momentum in a significant way also remains to be seen. Right now, it certainly doesn’t look like it, but things have not been set in stone by any means.

Full story at

Source: The Merkle

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