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Bitcoin Value Rebounds After Another Split

October 27, 2017

Bitcoin price continued to recover on Thursday after the price took a recent dive due to the, “hard fork” that happened on Tuesday. According to data from CoinDesk, Bitcoin rose 3.6 percent to $5940.83 during Thursday’s trading session. Bitcoin, the largest cryptocurrency by market capitalization, went through a hard fork on Tuesday and a new cryptocurrency called bitcoin gold was created. This is the second split for Bitcoin. In July, Bitcoin split into bitcoin and bitcoin cash. Safiri Felix, a researcher at financial publisher Empiricus, told CoinDesk: “I think that forks and airdrops as a trend to launch new tokens will continue, aiming to get an instant user base. Best case scenario, bitcoin gold is a potential contender for litecoin.” Chineseinvestors.com, Inc. (OTC: CIIX), BTCS Inc. (OTC: BTCS), Overstock.com, Inc. (NASDAQ: OSTK), Bitcoin Services, Inc. (OTC: BTSC), MGT Capital Investments, Inc. (OTC: MGTI)

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