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Bitcoin Value Sinks On XT Uncertainty

The bitcoin value proposition is losing ground today as traders wake up to Gavin Andresen’s and Mike Hearn’s announcement of the public release of XT. The uncertainty introduced by the prospect of a hard fork of the Bitcoin block chain is expressing itself in the chart, and rightfully so: the fork and its bigger block size is technically hazardous and threatens the bitcoins we hold as well as Bitcoin itself. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $ 29 discount using the code CCN29. […]

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CCN: Financial Bitcoin & Cryptocurrency News


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