Bitcoin, Ethereum Plunge Accelerates As Scaling Deadline Looms

Sunday, July 16, 2017
By Paul Martin

by Tyler Durden
ZeroHedge.com
Jul 16, 2017

Yesterday it was Bitcoin, today it is Ethereum that is taking the brunt of selling pressure (down 20%) but the dumping of virtual currencies is evident across the entire crypto space with the biggest market cap coins tumbling to 2-month lows…

Once again it is the so-called ‘civil war’ that is weighing on the entire virtual currency space as we noted previously, behind the conflict is an ideological split about bitcoin’s rightful identity…

Bitcoin traded as low as $1830 early this morning to two-month lows… as one veteran of the cryptocurrency trading space told us, “shit’s getting real, no one is sure what happens after August 1st , so traders are taking profits, squaring positions into the scaling deadline.”

The Rest…HERE

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