Bitcoin Price Declines After SegWit2x Called Off
As CCN reported, leading proponents of the controversial SegWit2x hard fork issued a joint statement calling for the hard fork to be suspended indefinitely until consensus for the upgrade could be reached. While a large portion of the community is relieved that the hard fork will not be activated, the bitcoin price ended the day with a 9% decline, falling from $7,408 on Wednesday to $6,487 at present. The reason for this is that many traders had maintained larger bitcoin positions in anticipation of the SegWit2x airdrop that would occur following the fork. The promise of “free coins” dashed by the fork cancellation, they began to rebalance their portfolios to include more altcoins.
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