CryptocurrenciesNews

Bitcoin, Ethereum and Zcash fall drastically due to the proximity of August 1?

Fall in value of Bitcoin, Ethereum, Zcash, Litecoin and Ripple, days before the implementation of SegWit2x in Bitcoin, after the interesting rise a few days ago after the acceptance of the miners of BIP 91.

The cryptocurrency market has been stable for many days, what's more, Bitcoin went up to € 2900, after more than 80% of miners turned to BIP91 and the acceptance of SegWit2x was confirmed. Ethereum, Zcash, Litecoin and Ripple, have been more or less relaxed these days, rising above $ 250, Ethereum and Zcash, at times. The market has moved in a linear manner, with purchases and sales, but without major surprises, indeed, we could speak of relative calm until next August 1, which would be when Bitcoin would change towards SegWit.

Today the fall is very strong, in Bitcoin, Ethereum, Litecoin, Ripple and Zcash, although none are saved, only Dash is saved, who has risen a lot in value these days, passing the barrier of $ 200. Dash, while all the currencies were moving in a stable, suddenly yesterday it was up a lot and has been relatively stable, although large packages of cryptocurrencies are being sold. Except for Dash, as we say, all cryptocurrencies have the same pattern, which makes us wonder the reason for this strange movement.

We could give two explanations. The first is the proximity of August 1, which would cause many to sell cryptocurrency packages, so that it could happen and then operate again, freezing in this case assets and then what has been released a few hours ago, for part of ViaBTC, which says that a forced fork of Bitcoin is required, thus generating Bitcoin follow and Bitcoin Cash being generated. This kind of demand would have caused great discomfort in the market and this idea or this out of pot would be punished.

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We must emphasize that after what was seen on the testnet, the bifurcation of Bitcoin seems quite probable, therefore this strange movement is not logical. It should also be noted that these movements are quite normal and usually occur from time to time, but this case would be forced by ViaBTC, which would have put salt in the wound. We must remain calm and await the events that will occur on August 1, after the implementation of SegWit2x in Bitcoin. Ethereum and Zcash, could soar that day in value and the rest of Altcoin could take the stone, gaining value, but more moderately.

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Robert Sole

Director of Contents and Writing of this same website, technician in renewable energy generation systems and low voltage electrical technician. I work in front of a PC, in my free time I am in front of a PC and when I leave the house I am glued to the screen of my smartphone. Every morning when I wake up I walk across the Stargate to make some coffee and start watching YouTube videos. I once saw a dragon ... or was it a Dragonite?

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