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Bitcoin Price: BTC has Reached $7,500, However, There is the Risk of a Healthy Pullback

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Bitcoin Price: BTC has Reached $7,500, However, There is the Risk of a Healthy Pullback

Post by Vladdirescu on Thu Nov 09, 2017 3:42 am

The price of Bitcoin has recovered due to the fact that the Support for SegWit fork has declined

On Tuesday, November 7, the price of Bitcoin decreased to $7,000 due to the conflict regarding the SegWit fork. The market continued to show support for the fork, while the Bitcoin community rejected it due to its closed-source development.
However, on Wednesday, November 8, Bitcoin recovered to a price of $7,468.48 as the conflict went quieter for a short time and even managed to reach $7,500 on some cryptocurrency exchanges. Nevertheless, the community still objects to the hard fork, thinking it would split the chain.

Read the full article: https://coinidol.com/bitcoin-price-the-risk-of-a-healthy-pullback/


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