NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

BTC Price Surges Despite Hard Fork Imminence Towards All-Time High

Joseph Young
Joseph Young
1 year ago
2 mins read
rough horn

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin Cash, a hard fork proposal developed by China-based mining pool operator ViaBTC, which was initially introduced by the industry’s largest mining equipment manufacturer Bitmain as Bitcoin ABC, is set to activate on August 1 12:20 UTC. Still, bitcoin price is gradually approaching its previous all-time high price established at $3,095.

On June 14, when Bitmain initially introduced Bitcoin ABC, it was meant to serve as a contingency plan towards Bitcoin Improvement Proposal (BIP) 148, a user-activated soft fork designed to push the activation of the Bitcoin Core development team’s transaction malleability fix and scaling solution Segregated Witness (SegWit).

However, as the bitcoin mining community, industry and users agreed to activate BIP 91 and BIP 141, the original SegWit proposal, in order to scale the bitcoin network in the short-term and fix some of its underlying security issues such as transaction malleability, Bitmain drift apart from the Bitcoin ABC proposal and fully allocated its resource to activate SegWit.

Optimism Surrounding SegWit, Experts Suggest $4,000 Within 2017

As a result, as Paxos principal architect Jimmy Song explained during his interview with prominent bitcoin trader and analyst Tone Vays, SegWit is set to activate before August 14, which is less than two weeks ahead.

Considering the optimism surrounding SegWit and its ability to create an infrastructure for two-layer solutions such as the Lightning Network that will enable micropayments and open doors for a wider range of applications to be launched on top of the bitcoin protocol, financial analysts including Max Keiser and major Chinese bitcoin exchange BTCC CEO Bobby Lee have emphasized that in the mid-term, likely in the upcoming months, bitcoin price will break the $4,000 mark and establish new all-time highs.

Additional Market Factors

Over the past two weeks, almost immediately after the major correction of the cryptocurrency market that sent its market cap from around $115 billion to $80 billion, the market cap of leading cryptocurrencies such as Ethereum dropped significantly. From around $36 billion in June, Ethereum’s market cap nearly halved and at the time of reporting, Ethereum is valued to be $20 billion.

Meanwhile, due to optimism surrounding SegWit and general increase in mainstream adoption, bitcoin prospered, securing its 50 percent dominance index once again over the cryptocurrency market.

With Bitcoin Cash hard fork execution literally hours away, bitcoin price has suffered from a minor correction. Earlier today, bitcoin price surpassed the $2,900 and at the time of reporting, the price of bitcoin has dropped to $2,790.

After the August 1 hard fork occurs and exchanges, trading platforms and businesses stabilize, bitcoin price will likely rebound and aim to establish a new all-time high.


Image Credit: Creative Commons, No Attribution Required

Tweet123Share196ShareSend
Joseph Young
Joseph Young

Joseph Young

Joseph is a web developer and designer, writer and a passionate musician who loves to travel often. He's worked as a researcher for a number of venture capital firms and as a freelancer designer for resorts and corporations in Korea and the Philippines.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

本月最熱門迷因幣價格反彈:哪些冷門項目有望暴漲100倍?

7月加密貨幣市場迎來動能爆發,比特幣穩站11萬美元大關,再次引發資金大規模輪動,meme幣成為最先受益的資產類別。在這場文化驅動與社群共鳴的漲勢之中,不只是Bonk與Pepe這類明星幣重新走紅,反而是...

Mark Mak 4 hours ago
Cardano (ADA) Turns Upward

Cardano (ADA) Turns Upward — Signs of a Recovery Emerge

Cardano price started a fresh increase from the $0.5650 zone. ADA is now consolidating and might attempt a clear move...

Aayush Jindal 4 hours ago
XRP Price Strengthens

XRP Price Strengthens — Eyes Set on Key Resistance Levels

XRP price started a decent upward move from the $2.20 zone. The price is now showing positive signs and might...

Aayush Jindal 6 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

BTC Bull Token tiek palaists šodien – jaunā kriptovalūtas sensācija ar bezmaksas Bitcoin atlīdzībām

lasma 1 hour ago
Dogecoin price analysis

Chartist Slams Misleading Dogecoin Analysis: ‘Focus On This Instead’

Jake Simmons 1 hour ago
XRP price news

XRP Price Risks Breakdown To Next Support Level, Why $2.28 Is Important

Scott Matherson 3 hours ago

Premium Sponsors

Press Releases

  • MEXC Releases Bimonthly Transparency Report: $559 Million...

    1 hour ago
  • Make $8,000 a day in stable passive income easily –...

    17 hours ago
  • SunnyMining——A passive income tool that allows ordinary...

    18 hours ago
  • Cryptocurrency is the best way to get rich quickly, easily...

    1 day ago
  • XRP Cryptocurrency × Dogecoin Mining: HASHJ launches...

    2 days ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.