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Author Topic: [2017-07-24] Bitcoin Price Is Having the Time of Its Life (Thanks BIP 91)  (Read 4538 times)
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July 24, 2017, 04:10:53 PM

The crypto comeback has been in full swing this week, as both the bitcoin price and ethereum price have increased by more than 30%.

Just a week ago, the total value of all cryptocurrencies was $68 billion. Now, bitcoin and ethereum alone boast a combined market cap of $66 billion. At present, the total crypto market cap is $95 billion.

The next test will be whether the crypto market cap can burst through the $100 billion threshold for the first time since June 26.  The bitcoin price spent the majority of July in decline due to investor fears regarding the August 1 scaling deadline and the potential bitcoin blockchain split. It reached a low point on July 16, falling below $1,900 for the first time since May.

The bitcoin price reversed course once it became clear that BIP 91 was going to receive the necessary support to lock-in. In the past week, the bitcoin price has climbed a staggering 33%, peaking at $2,860 on July 20 before settling down to its current value of $2,740. Bitcoin now has a market cap of more than $45 billion.

Read more here.

This must be a happy dance for Bitcoin as we are nearing the end of the heated and sometimes controversial scaling debate consuming the whole Bitcoin for a long time now. When it is getting clearer if there would be that feared Bitcoin split or not, the value of Bitcoin pick up and it is now back to where it should be though it can not go beyond the $3,000 level maybe because we are still waiting what can be on and immediately after August 1.
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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July 24, 2017, 04:26:10 PM

Surely, I was happy for a time when the prices gone up but i got said because i was thinking buying some more when the price was low. Sad I tried to buy but my local exchange site wasn't working that day.Still i think that bitcoin can go more up so it still isn't late to buy.
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