Bitcoin Shies the $5000 Mark

Bitcoin Shies the $5000 Mark

With the current trends on the digital currencies, Bitcoin has been on the good side of the receiving end. This year alone, Bitcoin has surged a 367% increase in value. This is a move most people would have not seen coming considering 2013 when Bitcoin was facing major falls.

It boasts of a 74% upward trend within the third quarter where it currently stands at $4912.49 as of today. As a matter of fact, it is predictable that the world’s most famous cryptocurrency shies the $5000 mark where it will soon lodge with its constant marginal improvement as it stood at 1% or $56 in its value as of yesterday. This though, has recently had a mix up of events within the last three days after having a surge from $4900 to $4780, later having it bounce back to its current position.

Bitcoin remains the majority chain

A critical announcement based on the SegWit2x hard fork in November could be of a vital concern to the price trends in the coming weeks for the Bitcoin. If investors as well as businesses were to reject the hard fork, this will see the price go up in the short term. This will be propagated by the fact that these factors would ensure that Bitcoin remains the majority chain.