You have successfully es bitcoin the post. 76 a coin on Sunday, according to Markets Insider data. LONDON — Bitcoin is back to its winning ways, posting a record high on Sunday and making billionaires of the twins Cameron and Tyler Winklevoss.
Bitcoin suffered big price falls last week but recovered over the weekend. UPDATE: Bitcoin passed this price on Tuesday. The digital currency retraced some of its gains Sunday after hitting the peak. Bitcoin has attracted interest from both ordinary investors and institutions. Last week it emerged that the exchange operator Nasdaq could follow its rival CME Group in launching bitcoin future contracts next year, a sign that professional investors are increasingly taking the asset seriously. Investors are being drawn in by the promise of big gains. The Telegraph reported over the weekend that the Winklevoss twins, known for suing Mark Zuckerberg saying he stole the idea for Facebook from them, had become the world’s first bitcoin billionaires.
1 billion, according to The Telegraph. Get the latest Bitcoin price here. Follow Fintech Briefing and never miss an update! Get updates in your Facebook news feed. Get updates in your inbox Subscribe to Fintech Briefing and never miss an update! These articles have been shared on your timeline.
Notify me when a story is shared. These articles have been added to your Google activity log. Menu IconA vertical stack of three evenly spaced horizontal lines. Bitcoin will likely split into two separate currencies on Tuesday, and it’s all thanks to bitcoin cash. On one side of this war, there are the so-called core developers who want to keep the blocks that make up the network limited in their size to protect against hacks. On the other side, are the miners who want to increase the size of blocks to make the network faster.
As a result, a split in bitcoin on August 1 at 8:20 AM EST, the deadline for Segwit2x implementation, appears to be very likely. According to Morris, as soon as the split takes place most people will see their bitcoin holdings double. But that doesn’t mean the value of investors’ holdings will double. Thus, if a split were to occur BCC would trade somewhere in that range while the value of bitcoin would witness a decline equal to the value of the new bitcoin. It will be similar to what happened with Ethereum when Ethereum classic came on the scene,” Morris said.
The two currencies marketcap equaled out to the market of the original Ethereum. On the whole, most bitcoin enthusiasts aren’t too concerned about a fork. And that is the main reason bitcoin will never die – it’s because it can adapt itself to changes. There are people with billions of dollars of skin in the game and they will ultimately go with the superior bitcoin network, and then the market will follow,” Hayes concluded. Get the latest Bitcoin price here.