The Bitcoin Bubble Has Plenty of Room to Grow

By Emily E.A. Meyer

They said it was over and that the bubble had popped. But Bitcoin had different plans.

After the Sunday brunch-time massacre on July 19, when prices briefly plummeted to $1,850, the bellwether digital currency rebounded over 50% to $2,900 in less than a week as miners signaled support for a measure that would avoid the chaos of splitting its blockchain in two. That vote on splitting the cryptocurrency is due Tuesday at 12:20 pm GMT, and should add some short-term volatility no matter the outcome.

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Source:: MTA News


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