#bitcoin
$109,461
0.60%
$2,656
3.10%
$2.39
3.97%
$662
0.47%
$154.13
1.41%
$0.174
1.56%
$0.6139
4.66%
STETH
$2,656.20
3.11%
$0.2871
0.03%
$18.64
2.56%
$2.97
2.67%
$2.75
0.87%
$109,461
0.60%
$2,656
3.10%
$2.39
3.97%
$662.00
0.49%
$153.95
1.26%
$0.174
1.56%
$0.6139
4.66%
STETH
$2,656.20
3.11%
$0.2871
0.03%
$18.64
2.56%
$2.97
2.67%
$2.75
0.87%
SegWit2x Deployment: ‘Excited Traders’ Drive Bitcoin Price Up
Bitcoin price has bounced back from price slump after SegW
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Bitcoin has bounced back from its huge loss after bridging an ideological gap that poses a threat to the number one cryptocurrency.
After its record breaking slump over the last week, Bitcoin re-surges to 2,300 levels as miners began deploying SegWit2x. The Bitcoin price has risen to as high as $2,356, $598 higher than its record low of $1,758 last weekend. Bitcoin’s big jump is only short $644 before it reaches its June 12 record of more than $3,000 again.
Bitcoin’s big jump was attributed to the use of SegWit2x, a new software that is believed to have been the major compromise for the erring Bitcoin faction: the miners who deploy costly computers to verify transactions acting as the backbone of the Blockchain, and the developers or the Core who uphold Bitcoin’s bug-free software.
With Bitcoin’s lack of central figure or authority, reaching an agreement has been difficult. But SegWit2x has become the first major solution to Bitcoin’s ideological gap.