Bitcoin price & Altcoin analytics

Throughout last week, during the strong rally of bitcoin, Bitconnect Coin (BCC) gained upward momentum, surpassing the $100 mark for the first time in history and establishing a new all-time high at $115.

This week, Bitcoin’s price reached a new amazing record. On Monday, August 14, the Bitcoin price rose by 4.35% and moved to a level above $4,400.

The Coinbase cryptocurrency exchange has decided to work on adding support for bitcoin cash (BCH) by January 1, 2018. A similar announcement was made by the GDAX (Global Digital Asset Exchange) exchange.

A Bitcoin Hard fork has occurred yesterday, August 1. The first Bitcoin Cash (BCH) block was mined only five hours later after the launch of the hard fork at 12:20 UTC.

The Bitcoin price rose sharply after Bitcoin Improvement Proposal 91 (BIP 91) was locked in yesterday evening.

The Bitcoin trading market has been panicky shivering this last week. The Bitcoin price has dropped sharply from $2,500 last week to $1,850 on Sunday, July 16. However, on Monday, July 17, Bitcoin’s price recovered a little and holds on at a level around $2,000.

The recent rally of the Bitcoin price to $3,000 paused with inevitable corrections that led cryptocurrency experts to again speak about the possibility that other cryptocurrencies, or altcoins, will soon take the lead on the digital currency markets.

Half of the year 2017 has already passed and during this period the Bitcoin price made the most dramatic rises and falls in its history. Several months ago Blockchain and cryptocurrency experts were doubtful that the Bitcoin price could reach the height of over $2,500 that we observe now or even its recent maximum of $3,000, so quickly. However, now, most of them believe in a very positive end to 2017.

In the previous article about Bitcoin price trends at Coinidol.com, the experts have predicted that the price of Bitcoin could hit $3,000 by the end of December 2017. However, it’s June now and last week the Bitcoin price has already reached $3,000.