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Bitcoin Price Starts Growing

17 July 2017 13:31, UTC

After the record decrease of bitcoin price over the last weekend, the cryptocurrency starts winning back its positions. As of 10.30 a.m. Moscow time, bitcoin hit $2000.

According to Forklog.com, an all-time low of $1,812 per one Bitcoin was reached and recorded at BTC. Bitfinex and Bitstamp exchangers traded as low as $1,826 and $1,830, respectively.

Price recovery of other cryptocurrencies, Ethereum and XRP, has been also noted Earlier they had been showing a declining trend together with Bitcoin.. The overall capitalization of the cryptocurrency market went up to $71.5bn. On Sunday morning, July 16, 2017, this number was $61bn. However, the loss of Bitcoin price is still considerable and amounts to 18 percent.

It’s quite probable that Bitcoin price fluctuations are influenced by expectations of possible chain “split”. The final fate of Bitcoin will be known on August 01, 2017.