05 Aug '17, 12pm

Bitcoin Surpasses Milestone Price of $3000 Across Global Exchanges

On August 5 bitcoin surpassed the $3000 USD per BTC threshold on the trading platform Bitstamp. Smashing the $3000 vantage point was not enough for bitcoin as BTC prices touched an all-time high of $3230. At press time one BTC is roughly $3150 as traders take some profits from the overnight high. Some speculate that the price spike may be due to BIP141 voting period ending and the possibility of activating the protocol Segregated Witness (Segwit). Currently, a vast quantity of the network’s hashrate is directing its efforts towards this plan as the first half of the “New York Agreement” otherwise known as Segwit2x. At the moment, there are 621 blocks left until Segwit goes live on the Bitcoin network. The second half of the agreement entails activating a 2MB hard fork on the network roughly ~3 months after the activation.

Full article: https://news.bitcoin.com/bitcoin-surpasses-milestone-pric...

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