Has The Bubble Burst For Bitcoin

The cryptocurrency markets have definitely reacted to the SegWit2x cancelling by Bitcoin at the last minute. While not as dramatic as some analysts would have expected, losses in Bitcoin price are noticeable now that the digital currency is trading below $7,000 for the first time in days.

Altcoins reacted yesterday with huge gains in coin prices, followed by a drop in price in early morning trading the day after the big announcement. While most altcoins haven't lost all of their gains from yesterday, many are getting close to losing all momentum from yesterday's market reaction.

The big news is still Bitcoin Cash (BCH) who seems to be now closing in on Ethereum for the number 2 spot in market cap. While it probably won't happen this year, it seems investors are still interested in the Bitcoin technology whether it be the original or what is now Bitcoin Cash.

We don't think the bubble has quite burst yet, but stay tuned to The Wall Street Bitcoin Exchange for all the breaking news in the Bitcoin and cryptocurrency trading markets. Navigate back to our news section to see archives of all our stories on SegWit2x.