Silver as an investment

Bitcoin, Ethereum Plunge Accelerates As Scaling Deadline Looms

zerohedge.com / by Tyler Durden / Jul 16, 2017 

Yesterday it was Bitcoin, today it is Ethereum that is taking the brunt of selling pressure (down 20%) but the dumping of virtual currencies is evident across the entire crypto space with the biggest market cap coins tumbling to 2-month lows

Once again it is the so-called ‘civil war’ that is weighing on the entire virtual currency space as we noted previously, behind the conflict is an ideological split about bitcoin’s rightful identity…

***

Bitcoin traded as low as $1830 early this morning to two-month lows… as one veteran of the cryptocurrency trading space told us, “shit’s getting real, no one is sure what happens after August 1st , so traders are taking profits, squaring positions into the scaling deadline.”

READ MORE

The post Bitcoin, Ethereum Plunge Accelerates As Scaling Deadline Looms appeared first on Silver For The People.