Bitcoin Price Reaches New All Time Record High of $3300
Bitcoin Cash is crashing, losing about 67% from its high just three days ago, leaving Bitcoin to dominate the market.
The price of Bitcoin has just reached a new all time record of $3300. This is a rise of $750 per bitcoin since just ten days ago when the price fell to just $2550 due to fears of the effects of a fork on the original blockchain.
Meanwhile Bitcoin Cash, the result of of the fork, is losing the support it had just a few days ago. Bitcoin Cash (BCH) is now trading at just $236 – a whopping 67% less than its record of $726 three days ago.
There could be a number of reasons for the jump in the price of Bitcoin, other than the apparent reduced threat by BCH. These include the higher chance that SegWit will be implemented soon and the recent adoption of Bitcoin by established financial institutions.
BCH will have to base out in my opinion, develop some statistical data to chart off of, for now it is a guessing game.
We think alike! Upvoted!
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