Cryptocurrency market faced significant correction today.
For a majority of the world, August 1, 2017 was just a normal day. But for technology gurus and cryptocurrency fanatics, August 1, 2017 was a monumental day in blockchain history.
The value of the digital currency continues its upward trend, despite Chinese crackdown on virtual money and uncertainty regarding SegWit2x activation.
Another bitcoin hard fork is to take place soon: new Bitcoin Gold aims to make bitcoin network truly decentralized by demonopolizing mining industry.
Last month’s much spoken hard fork has seen Bitcoin price rally to reach new all time high of $5000. Let’s try to understand the possible reasons behind the rally and the future prospects for Bitcoin and Bitcoin Cash – forked version of Bitcoin.
The new alliance will bring merchants the possibility to accept payments in the form of bitcoins.
The rough decline cryptocurrencies’ prices accompanied by total market capitalization drop now seems to be over as the situation improves quickly.
Today the combined value of all publicly traded cryptocurrencies surpassed $150 billion setting a new record.
Bitcoin’s all-time high rally seems to be over with the currency loosing $155 in value over August 21-22, Bitcoin Cash crashed down after reaching a record high during the weekend, Ethereum climbed to near two-month high.
The new cryptocurrency has more than doubled in value during the last few days and keeps getting more support from the cryptocurrency community.
The price of bitcoin maintained flat on Friday, while Bitcoin Cash has surged beyond $500 amid the growing chances of another bitcoin split.
Falcon Private Bank has expanded the range of cryptocurrencies its clients can hold in their portfolios by adding Ether, Litecoin and Bitcoin Cash.
The value of bitcoin continues to break new records amid rising investor demand, while crytocurrency market cap reaches historic mark.