The Bitcoin price has dropped in the past seven days, which has got cryptocurrency investors worried.
Following Bitcoin reaching a high of R111929.12 last week, the token dropped to a low of R81403.00 this past weekend.
The price drop has been linked to Bitcoin players suspending a plan to increase the block size in the Bitcoin blockchain through SegWit2X.
Following the plan’s suspension, Bitcoin saw a relatively large sell-off, with investors moving to alternative cryptocurrencies such as Bitcoin Cash.
Bitcoin Cash developer Juan Garavaglia even went so far as to say Bitcoin was “unable to execute, has a poor roadmap, and is disconnected with market needs”.
Source : MyBraodband