Subsequent to achieving a new all-time high at $4,975 merely two days ago, Bitcoin price has decreased to around $4,350.
Many analysts including Welt financial desk senior editor Holger Zschaepitz attributed the decline in Bitcoin price to China’s recent crackdown on initial coin offerings (ICOs).
Over the past week, prominent financial analysts such as RT’s Max Keiser predicted Bitcoin price to increase at an exponential rate in consideration of the successful integration of the Bitcoin Core development team’s transaction malleability and scaling solution Segregated Witness (SegWit).
Through SegWit, the Bitcoin network has already shown tremendous progress in terms of scaling, reducing its average block size to 0.8 MB and its mempool size from over 140 mln to 10 mln bytes.
Full story at http://bit.ly/2wBiXPl
Source: CoinTelegraph
Advertisement:
Go to 1k again so i can buy more lol
September will have more corrections and bitcoin's resistance level is $2221 - $2490. Hodl for now and buy in a few weeks.
Times of tension in Asia that bring these consequences
Please Upvote This Comment To Help Me Grow!
It is a good time to buy Ethereum, bcc, Neo, Ripple are solid coins
I don't know. Ethereum has been dropping too! As have most coins.
Resteemed and Upvoted!
It is interesting to observe how cryptocurrency can be so powerfully influenced by government interference.
You work hard! Thanks for the information and your generosity! Upvoted!
I believe it will rise again!
Tell me when you read this.
Hi @takeru255! You have just received 0.1 SBD tip from @takeru255!
send tips with @tipU | earn interest in @tipU profit