Bitcoin Rallies Into Segwit Lock

in #bitcoin7 years ago

Bitcoin prices are up close to 24 percent since our Tuesday update. Litecoin is up as well but only by $1.98 dollars or just under 5 percent.
Bitcoin Rallies 24 Percent

Bitcoin prices rallied close to 24 percent in a week. The main driver for the gains seems to be the Segwit lock, expected to happen later today. Current projections set the lock at 25 blocks from now, around 17:46 GMT.

Read more: https://blog.fxopen.com/bitcoin-rallies-into-segwit-lock/

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This is certainly good news but I think that the relatively smooth fork with Bitcoin Cash had as much to do with this rally as Segwit, if not more. It doesn't really matter why, apart from the fact that if it is Segwit driven, we may be in for more gains as it is actually implemented.

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