Bitcoin surpassed $7700 on Wednesday but it didn't stay up there for very long and dropped almost immediately after reaching this level and today it continues to move lower. However despite losing nearly seven percent this week Bitcoin remains up more than 600% so far this year. As Bitcoin rapidly fell, Bitcoin cash enjoyed a surge and it gained more than 40% over the past few days. Bitcoin cash is a hard fork of Bitcoin that took place last August 2017.
There were rumors that the segwit 2X was taking place thats why bitcoin dropped in the market and some says segwit 2x was totally cancelled and others says it is totally normal. This is just a slight correction for a bubble. But whatever it is, one thing is sure - this is the exact time to buy bitcoin and take advantage of its low price. For sure, it will regained its ground and will start to skyrocket again this coming few days. 😄