Bitcoin price & Altcoin analytics

From the very beginning of this week, we might watch BTC getting back on its feet. Or, rather, its market.

Despite the previous gloomy predictions of altcoins prices falling with the pump of Bitcoin, they are steadily increasing. However, we haven’t seen the pump yet, but still, it is unlikely most altcoins will suffer that much, at least, for now.

Recent events appeared quite head-spinning for the entire Bitcoin community. The price was falling and rising, and then falling again, even lower than before.

Despite the opinion that altcoin prices will pump with the downfall of Bitcoin, it seems cancellation of the SegWit2x fork has negatively influenced other cryptocurrencies as well.

The week appeared to be quite unexpected for the Bitcoin community, namely because of the cancellation of the SegWit fork. Despite the controversial attitude toward it within the community and the obvious lack of support, no one could anticipate that it would be cancelled at the last moment.

The rally of the BTC price had some negative influence on other cryptocurrencies. Now, as Bitcoin will probably become steady, without surges of falls, other coins will have a chance to improve their positions.

SegWit fork has been cancelled. How will it influence BTC price?

The price of Bitcoin has recovered due to the fact that the Support for SegWit fork has declined

While bitcoin’s popularity and high prices provide it with some kind of immunity against regulators, other altcoins may still remain vulnerable.