Bitcoin exchange rate continued the downward trend, which is observed the last two weeks, and in the morning on Tuesday, August 2 dropped to $ 595.
Last time these marks cryptocurrency first traded on 23 June when it was offered for $ 591.
According to one version, the current decline in the value of Bitcoins may be due to the continued lack of consensus among developers and miners on scaling network.
How such a claim has the right to life, it is hard to say. Last weekend in California held a meeting of representatives of Bitcoin industry, but, as reported ForkLog, she wore an informal nature, and no agreements are not anticipated.
At the same time, participants in the meeting, among which were present developers Bitcoin Core and Lightning Network and representatives Blockstream, Bitmain, AntPool, HaoBTC and F2Pool, remain silent, and any event not disclose details.
Note that price speculation on the price against similar events have taken place in the past, so to make any far-reaching conclusions would be premature.
Another factor that may influence the price of Bitcoins can be explosive growth rate Ethereum Classic. On Monday, support ETC announced large Chinese market CHBTC. It is also expected that ETC will be included in the list of supported cryptocurrency behind CHBTC mayningovy pool BW.com.
According to the observations of equity analysts, asset transfer of Bitcoins in ETC currently going on quite actively, stimulating the growth of the cost of the latter.
At the time of publication Bitcoin traded at around $ 600, losing the last 24 hours about 5% of the cost. Bitcoin Weekly losses amounted to nearly 10%. At the same time, ETC went up by 60% over the past day and is currently trading at 0.00479 BTC area ($ 2.8).
Cheap #btc for everyone. :P
Let's not lose our heads.
Another 12 months will make investing in Bitcoin today between $500 and $600 look like a very sweet deal indeed.
Stand down.
Glad to see somebody else is thinking what I'm thinking ;)
If you go to see the graphics. can see that in August is always like the price of bitcoin always falls the explanation is that due to the holidays many bitcoin holders sell the currency to pay for vacation them.