The virtual currency known as ‘Bitcoin’ is worth over $190 billion. Over the past few months, it has garnered a significant amount of attention from traditional media sources.
Ethereum Classic (ETC) was created via hard fork in July 2016 after the DAO hack, when a part of the Ethereum community believed that blockchain transactions should be immutable out of principle.
Despite the previous gloomy predictions of altcoins prices falling with the pump of Bitcoin, they are steadily increasing. However, we haven’t seen the pump yet, but still, it is unlikely most altcoins will suffer that much, at least, for now.
Recent events appeared quite head-spinning for the entire Bitcoin community. The price was falling and rising, and then falling again, even lower than before.
Despite the opinion that altcoin prices will pump with the downfall of Bitcoin, it seems cancellation of the SegWit2x fork has negatively influenced other cryptocurrencies as well.
The week appeared to be quite unexpected for the Bitcoin community, namely because of the cancellation of the SegWit fork. Despite the controversial attitude toward it within the community and the obvious lack of support, no one could anticipate that it would be cancelled at the last moment.
The rally of the BTC price had some negative influence on other cryptocurrencies. Now, as Bitcoin will probably become steady, without surges of falls, other coins will have a chance to improve their positions.
The institutional-grade Bitcoin exchange, co-founded by an early Bitcoin adopter Jon Matonis, has announced their token sale project to facilitate a step-change in trading volumes and liquidity.