Bitcoin price rose above $ 8000
The bitcoin rate surpassed the $ 8000 level and reached $ 8020 on the Bitfinex exchange, after which it returned to the $ 7770 level. At the same time, the cross-exchange value of the price of bitcoin, according to data from CoinMarketCap, exceeded $ 7950.
Recall that about a week ago it became known that the controversial SegWit2x hard fork was canceled. Immediately after the publication of this news, the bitcoin rate jumped from the $ 7200 level to the $ 7800 mark. However, soon the rate began to fall, and quite rapidly, and found a local minimum at $ 5500. At the same time, the Bitcoin Cash fork started to grow steadily and rose from $ 600 to $ 2600 in a short time. At the same time, most of the miners left the bitcoin blockchain and started mining BCH. Amid falling hash rate, fees and transaction confirmation times in the bitcoin blockchain began to grow.
It seemed that the situation was not the best for the largest cryptocurrency. However, the Bitcoin Cash rate began to fall as rapidly as it grew, and the miners redistributed computing power again, which made it possible to free up the bitcoin mempool. At the same time, positive news came that the large British hedge fund Man Group, which manages over $ 100 billion in assets, could launch Bitcoin futures after CME Group, and the popular Cash App payment application added limited functionality for working with bitcoin.
Recall that Goldman Sachs analyst Sheba Jafari, who gave an accurate forecast in August, wrote at the beginning of last week that the minimum target for the current Bitcoin cycle is at $ 8000. She also recommended to watch for signs that may indicate the beginning of the correction, after reaching this mark..
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