Today is a significant day as Bitcoin’s market dominance finally surged past 50% in almost nine months. The last time this figure was attained was December 2017
Economists from Yale University have now come out with two theories which can help predict the movement of Bitcoin price.
"The SEC came out and postponed that decision. A little spoiler alert, on September 30, SEC will likely postpone in again, because the market is not ready for it and the SEC hasn’t had the answers to their questions yet.”
The construction and set-up of this new facility are underway, and Bitmain estimates this phase will finish early in the fourth quarter of 2018, with the data center initiation in early 2019.
Applying Technical Analysis to Bitcoin price shows that it can reach to $8000 this week.
"The news that we have seen, from the SEC saying bitcoin's a commodity, to ... the potential for an [exchange-traded fund] is causing investors to decide that bitcoin is the best house in a tough market."
Bitcoin (BTC) price has dipped below $7,000 and is touching $6,935. Despite of all positive news, like NYSE parent company's plans to launch Bitcoin Futures exchange, the price has fallen. The good thing is, it's still up by 800%...
It means Bitcoin evangelists will have to wait long for virtual currency to replace US dollar one day.
This day last year, Bitcoin Cash was forked from Bitcoin. Bitcoin Cash supporters marked the first anniversary of the BCH-BTC fork as ‘independence day’.
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