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Topic: Bitcoin Price Explodes to $3,212 New All-Time High, Factors (Read 472 times)

legendary
Activity: 1218
Merit: 1007
On Aug. 5, less than four days after the Bitcoin Cash (BCH) hard fork, Bitcoin price surged drastically within a 24-hour period, recording a new all-time high at $3,212.

Previously, Bitcoin price broke the $3,000 mark mostly due to optimism surrounding the activation of the Bitcoin Core development team’s transaction malleability fix and scaling solution Segregated Witness (SegWit).

However, shortly after that, a major market correction led Bitcoin price to fall to $1,900, and it stabilized at around $2,500 amidst uncertainty regarding SegWit and the execution of the BCH hard fork, which was initially proposed by Bitcoin mining equipment manufacturer Bitmain.
https://cointelegraph.com/news/bitcoin-price-explodes-to-3212-new-all-time-high-factors

I'm hearing reports that over 70 large hedge funds are preparing to enter the cryptoshere. They were waiting on the protocal upgrade.
Needs citation, but that would definitely be some interesting news if it is true. I wonder how they're going to enter if the Winlkevoss ETF was denied repeatedly, however. Might be a bit of a hindrance to the entry of the hedge funds into the market if they have to go through similar application processes in order for them to start trading with cryptocurrencies.

As you can see on coinmarketcap.com, prices for most cryptocurrencies have gone up except Bitcoin Cash. Grin
As it should be, BCC is a waste of space and money. Not worth having it as a listed coin, really, since there is so little demand for it and it is only slightly better than a speculative token now.
sr. member
Activity: 434
Merit: 251
physics, mathematics and engineering
As you can see on coinmarketcap.com, prices for most cryptocurrencies have gone up except Bitcoin Cash. Grin

And Bitcoin cash will go down even more, it is a shitcoin pushed by whales, but now the push is over and it is dumped by everyone  Cheesy

I think it is a good sign that even very mighty companies and whales are not able to replace BTC with a centralized version to gain more power.
full member
Activity: 122
Merit: 100
As you can see on coinmarketcap.com, prices for most cryptocurrencies have gone up except Bitcoin Cash. Grin
sr. member
Activity: 434
Merit: 251
physics, mathematics and engineering
On Aug. 5, less than four days after the Bitcoin Cash (BCH) hard fork, Bitcoin price surged drastically within a 24-hour period, recording a new all-time high at $3,212.

Previously, Bitcoin price broke the $3,000 mark mostly due to optimism surrounding the activation of the Bitcoin Core development team’s transaction malleability fix and scaling solution Segregated Witness (SegWit).

However, shortly after that, a major market correction led Bitcoin price to fall to $1,900, and it stabilized at around $2,500 amidst uncertainty regarding SegWit and the execution of the BCH hard fork, which was initially proposed by Bitcoin mining equipment manufacturer Bitmain.
https://cointelegraph.com/news/bitcoin-price-explodes-to-3212-new-all-time-high-factors

I'm hearing reports that over 70 large hedge funds are preparing to enter the cryptoshere. They were waiting on the protocal upgrade.

Where have you heared this? Insider info or do can you post a reference link ?  Smiley

I think the price rose becasuse everyone sold their BCC for BTC as soon as exchanges allowed deposit for BCC. Thats why the price has goone up now. I think after the update we will see a seconed jump because faster tx.
legendary
Activity: 2184
Merit: 1024
Vave.com - Crypto Casino
On Aug. 5, less than four days after the Bitcoin Cash (BCH) hard fork, Bitcoin price surged drastically within a 24-hour period, recording a new all-time high at $3,212.

Previously, Bitcoin price broke the $3,000 mark mostly due to optimism surrounding the activation of the Bitcoin Core development team’s transaction malleability fix and scaling solution Segregated Witness (SegWit).

However, shortly after that, a major market correction led Bitcoin price to fall to $1,900, and it stabilized at around $2,500 amidst uncertainty regarding SegWit and the execution of the BCH hard fork, which was initially proposed by Bitcoin mining equipment manufacturer Bitmain.
https://cointelegraph.com/news/bitcoin-price-explodes-to-3212-new-all-time-high-factors

I'm hearing reports that over 70 large hedge funds are preparing to enter the cryptoshere. They were waiting on the protocal upgrade.
full member
Activity: 188
Merit: 100
On Aug. 5, less than four days after the Bitcoin Cash (BCH) hard fork, Bitcoin price surged drastically within a 24-hour period, recording a new all-time high at $3,212.

Previously, Bitcoin price broke the $3,000 mark mostly due to optimism surrounding the activation of the Bitcoin Core development team’s transaction malleability fix and scaling solution Segregated Witness (SegWit).

However, shortly after that, a major market correction led Bitcoin price to fall to $1,900, and it stabilized at around $2,500 amidst uncertainty regarding SegWit and the execution of the BCH hard fork, which was initially proposed by Bitcoin mining equipment manufacturer Bitmain.
https://cointelegraph.com/news/bitcoin-price-explodes-to-3212-new-all-time-high-factors
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