Bitcoin Price struggles to remain Flat as Anticipation for August 1st Grows

Bitcoin Price is currently struggling as Anticipation for August 1st Grows.

As earlier we published a post on the expected bitcoin BIP148 to happen on 1st of august, you can read the full article here.

As for now, Bitcoin users are keeping a close eye on the charts. These are tense times for the world’s leading cryptocurrency.

As seen on the chart, seems some users are stuffing their money into Ethereum.

So I have seen a time when the ETH was disconnected from the XBT's issues, and ETH would rise when XBT fell.

This whole XBT fork thing is going to be one such issue. Eventually, hardcore XBT crypto-traders are going to find other coins to put their market cap into – ETH, LTC, ZEC – to ride out this mess & keep playing the crypto game.

Others will completely pull their crypto investments until this XBT fork mess is cleaned up – so look at the market cap continuing to shrink. I wish us all great fortitude in riding out The Great Crypto Recession of 2017.

There will be a massive rebound, but things will get darker until 8/1. Hang in there, and don’t let the big stock firms come in and own crypto. It is a matter of great principle for us all to ride this out. Stay Strong! Stay Free!

Bitcoin’s price dictates how the rest of the cryptocurrency landscape evolves. If the BTC value goes down, other markets will undoubtedly follow. Right now, things look rather stable, but will they stay that way?