Bitcoin has fallen almost 12 percent in 24 hours as the reality of the Aug. 1 segwit will be on 1 Aguest, and we don’t know yet if this segwit will result into a new version of Bitcoin or we will see a hardfork .

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In order the segwit be active, it’s needed that 100 % of the miners accept the modification on bitcoin , but there is some pool of mining that has not accept yet this segwit , so if it’s we will see new version of the bitcoin more powerful and more stronger, and if some pool don’t accept 2 version of the bitcoin will be seen on the market.

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This incertitude in the market fallen into depth and loses more then 10 % of it’s capitalization, this unsettles markets, this event in the market of altcoin will continue to happen until that we see if the segwit will happen or a hardfork will happen , in the two scenario we will see a huge breakout of the price of the bitcoin .

Current trade prices according to Coinmarketcap, which averages readings from across major exchanges, shows Bitcoin at $2,076 – its lowest price for two months.

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The knock-on effects for altcoins in the top 10 were as palpable as ever, with Ethereum, Litecoin and others following Bitcoin downhill.

Ethereum has fared particulary badly over the past week, with monthly losses to its market cap now nearly $18 bln,

Some strong altcoin like Litecoin an Dash has increase their value in the market , we see Litecoin traded between 0.018 BTC and 0.02 BC, and Dash between 0.072 and 0.08 BTC , and also some altcoin lost more then 40 % of their value like Startis and Siacoin.

As always, internal reactions with cryptocurrency were mixed, some despairing while others are eyeing a keen buying opportunity.

Alistair Milne @alistairmilne $5.5million of new $BTCUSD short positions have opened up within the last 12hrs on Bitfinex

While a general consensus points to the upcoming hard fork probability as the principal motivation for market uncertainty, mainstream media have been quick to sound the alarm about Bitcoin once again.

“Rival factions of computer whizzes who play key roles in Bitcoin’s upkeep are poised to adopt two competing software updates at the end of the month,” Bloomberg reported Friday, announcing Bitcoin could be “nearing a total meltdown.”

“That has raised the possibility that Bitcoin will split in two, an unprecedented event that would send shockwaves through the $41 bln market.”

The only advice that we can give to our followers is to hold their altcoin, until Markets recover their loses, also if you want to invest in Bitcoin and altcoin like litecoin and Etherieum it is the best time to buy them , but you need to know that this market are volatile so the price of crypto can go up and go down , make your own research before you invest in this field .

If you have any question or any review about our article, please left us a comment and we will be happy to reply to you and to answer to your question .

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