After a downward dip in July, bitcoin regained to hit to pass the $2500 margin. This increase translate to a market capitalization of over $42 billion. Analysts have predicted that the price of bitcoin will hit $5000 before the end of the year. The future price of bitcoin will depend on investors reaction, most investors are also skeptical. The fluctuations in bitcoin price comes ahead of scaling debate which may soon see the the integration of the first large-scale fork of its live blockchain, with some miners are aiming to establish a separate project called Bitcoin Cash which is currently trading at over $380 though not yet released.
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