Bitcoin Falls Below $2000 for First Time Since May: Could Split in Two

Written by:
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Published on:
Jul/17/2017

Those in the online gambling realm are paying special attention to recent trading and the potential that the crypto-currency could split in two.

To be clear, Bitcoin is not going anywhere as the digital anonymous currency continues to gain widespread acceptance.  Bitcoin currently represents between 14 and 25 percent of transactions in the North American-facing online gambling market.

The price of Bitcoin this past week fell under $2000 for the first time since May.

From Bloomberg News:

As enthusiasts consider adopting competing updates to the blockchain technology that underpins the exchange method by the end of July, it has raised the possibility of the cryptocurrency splitting in two. Bitcoin has lost about a third of its value since peaking at about $3,000 last month. Calls for a revamp of the software come as exchanges struggled to keep up with rising volumes while the price almost tripled this year.

- Aaron Goldstein, Gambling911.com

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