Bitcoin prices took a dive this week, swept up in the general decline in cryptocurrencies as well as uncertainty over a deadline in its own "civil war."
The price of Bitcoin fell 15% on the week, with other cryptocurrencies suffering even bigger declines.
But it's the Bitcoin civil war that will drive prices over the next several weeks. The debate over how best to scale the network so that it can handle more transactions per day has now come to a head.
Here's what investors can expect...
Tags:bitcoin price
To get full access to all Money Morning content, click here
About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.
Disclaimer:© 2017 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.
The post Why the Bitcoin Price Is Falling This Week appeared first on Money Morning - We Make Investing Profitable.