Bitcoin Slump Factors: EU Regulation, Halving, ETC, Scaling Issue

Bitcoin Slump Factors: EU Regulation, Halving, ETC, Scaling Issue

Aside the Bitfinex hack which is explicable, every time there is a drop in the price of Bitcoin - as we have seen in recent days - several unfounded factors tend to crop up to provide plausible cause. This article was written to look at issues that affect Bitcoin price and yet defy a collective reasoning of consensus among many users. A case in focus is between Friday July 29 and August 1 when the price dipped by more than $50 from $655 to $603. What was responsible for that? EU regulation factor. There is a view that the current price is a reflection of the proposed regulation being....


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