Hard fork causes bitcoin price drop

Hard fork causes bitcoin price drop

Bitcoin price continues to decline because of the expected hard fork.

The cryptocurrency dropped to $13,530 on the Bitfinex exchange today, to $14,150 on GDAX (0.07%), according to CoinMarketCap -  to $13.990 (1.73%), according to Coindesk - to $13.930 (0.35%).

On December 28, the Segwit2X hard fork will be launched. This will break the bitcoin network into two main chains: Bitcoin Core (original bitcoin) and Bitcoin Segwit2X (B2X). Bitcoin Segwit2x developers said that production rate of the block shall be raised up to 2.5 minutes and the block size up to 4MB.

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