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Bitcoin Price Stabilizes As Segwit2x Scaling Consensus Solidifies

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Mark Mason

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Bitcoin Price Stabilizes As Segwit2x Scaling Consensus Solidifies


Bitcoin’s price is on the rise again as the commanding lead by the Segwit2x compromise scaling solution grows.

Over the weekend, Bitcoin’s price crashed to about $1,800 per coin, bringing the market cap down from roughly $40 billion later that week to a recent low of $30 billion. Now, the price has recovered close to $2,400, bringing the market cap back up to $38 billion. This has brought the rest of the market up from a weekend low of $60 billion to around $85 billion at present. Among other factors, this recovery could possibly coincide with the increasing solidity of signalling in support of the Segwit2x (or BIP91) scaling agreement, which could quiet down the Bitcoin community’s internal discord.​
 
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