August 1st Cryptocurrency News Round-Up- Bitcoin Hard Fork Special

newsbtc | August 1, 2017 | 12:31 pm

August 1st Cryptocurrency News Round-Up- Bitcoin Hard Fork Special

newsbtc | August 1, 2017 | 12:31 pm

Today is a very big day for the cryptocurrency market as the bitcoin cash fork is expected to happen very soon. The market had been pretty resilient but now we can see that the price is starting to fall preparing itself for the day ahead. The price of bitcoin surged over the past few hours, surpassing 2,900 but as you can see it is starting to fall. We are all waiting to see if the cryptocurrency will have to be split into different versions or not. If the split happens, we will see two different types, Bitcon Cash and Bitcoin core. In this case, incompatibility issues may arise even as the network is able to accommodate more transactions. Many operators have planned to stop their operations until hard fork issues have been resolved. If there is a smooth transition to the SegWit2x upgrade with a strong consensus acceptance, then this could actually erase hard fork concerns and trigger more gains for bitcoin. It is also important to understand that the US dollar is also under some selling pressure due to drama in the White House and concerns about North Korea’s nuclear missile tests.

   

NewsBTC is a news service that covers bitcoin news, technical analysis & forecasts for bitcoin and other altcoins. Here at NewsBTC, we are dedicated to enlightening people all around the world about bitcoin and other cryptocurrencies. We cover news related to bitcoin exchanges, bitcoin mining and price forecasts for various virtual currencies.

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