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After topping 3,000 for the first time on June 11, bitcoin prices fell more than 800 to a low of 2,185.96 less than a week later. Updates to the bitcoin network scheduled for release in the next several weeks could split the digital currency in two if developers don't agree on how to make the updates compatible with each other. BitMEX, a bitcoin derivative exchange, expressed that view to Business Insider after last week's implementation of Segregated Witness, or SegWit, a software update designed to improve the coin's scalability and make it faster to process more transactions.
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"This can last at least one-third of the time it took to complete the preceding advance and retrace at least.2 percent of the entire move.". Dramatic price swings of several hundred dollars or more are not uncommon in the digital currency world. That would mean a move back below 3,000. Click To Join Coin Comments Group On Telegram. "At this point, Bitcoin would have to move back under 2,935 (Jul. It just might take time to get there.". The famous venture capitalist Lou Kerner, co-founder of CryptoOracle, told bitcoin latest news fork Bloomberg that. The, goldman reports illustrate how mainstream Wall Street is paying much closer attention to bitcoin, despite high volatility and lack of regulation in the digital currency world.