The news was written in an email by Mike Belhelvie. The CEO and co-founder of bitcoin wallet software provider BitGo one of the leaders of segwitx2
One of the leaders of the Segwit2x
"Unfortunately, it is clear that we have not built sufficient consensus for a clean block size upgrade at this time. Continuing on the current path could divide the community and be a setback to Bitcoin’s growth. This was never the goal of Segwit2x."
"Until then, we are suspending our plans for the upcoming 2MB upgrade," he added "
Apparently the news well welcomed by the crypto community
Bitcoin rallies to $7700 I have predicted a couple of days back that Bitcoin might reach $8000 by the end of the week
However I made many wrong predictions
It might rise now and go down tomorrow
A clear message that we don't know what to expect from Cryptocurrencies