$7,500 and Rising: Bitcoin Price Looks Ready to Challenge Records

Having refused to succumb to bearish technical pressures, the world's largest cryptocurrency is better bid today.

At press time, the bitcoin-U.S. dollar (BTC/USD) exchange rate is at $7,511 levels on CoinDesk's Bitcoin Price Index. As per CoinMarketCap, BTC has gained 4.22 percent in the last 24 hours.

Over that period, prices have climbed by over $270 amid growing opposition to the upcoming Segwit2x hard fork, which looks increasingly unlikely to succeed in updating the bitcoin blockchain to a new rule set without creating another asset.

Increasing opposition to the alternative bitcoin code could mean heightened odds of a blockchain split into two rival assets. Thus, the bid tone around bitcoin may be strengthening on speculation that the event might end up creating free "Segwit2x coins" for holders of bitcoin