What Hard Fork? Bitcoin’s New Highs of Above $3,300!
What Hard Fork? Bitcoin’s New Highs of Above $3,300! Hard Fork Aftermath
In what has been one of the most important weeks of Bitcoin’s short lifespan, patient Investors can now rejoice, as Bitcoin broke through the resistance barrier of $3,000 to reach highs of around $3,300! Despite the bullish year so far for Bitcoin, altcoins, and ICOs, the fear of Bitcoin forking into two versions hung over the markets like a bad smell, with the buildup to the August 1st deadline of the user-activated soft fork causing several market corrections in July. On August 1st, the community witnessed the creation of Bitcoin Cash (BCH) and the markets surprised many, as the original Bitcoin maintained its price above $2,500 and remained stable despite the uncertainty.
Bitcoin (BTC) Vs. Bitcoin Cash (BCH): SegWit or Larger Block Sizes…
Due to the chain splitting, the majority of Bitcoin holders were given an identical balance in Bitcoin Cash. This also gave people an incentive to buy more Bitcoin during the buildup to the hard fork in the final days of July, which could also have contributed to Bitcoin’s price holding above $2,500-$2,900, as many wanted more “free” BCH to sell back in to Bitcoin. ....
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