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Will Bitcoin Reach Another Record High This Weekend? - Oct 27th Cryptocurrency News

960 views · Published 27 October 2017 · 2:07 · Indexed 27 October 2026

Channel: NEWSBTC · 2017 · People & Blogs

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Let’s take a look at Bitcoin’s growth this month, on the 1st of October Bitcoin was around $4,300, we then saw it climb steadily and on the 12th of October we saw it surge past $5,300. The  next day it climbed past $5,800. We saw it drop to $5,200 on October 18th, but it soon recovered its losses and last weekend we saw it skyrocket past $6,100. This week we saw Bitcoin are a hit on Wednesday but yesterday we saw it get back on track as it climbed towards $6,000 again. So the question is will it be able to break another record high this weekend. The SegWit2x hard fork is expected to take place in November. Ethereum, the second largest cryptocurrency by market cap has remained just under $300 this week, except for on Tuesday when it climbed just over this level.Ethereum climbed to as high as $347 on October 14th and later in the month on October 23rd, Ethereum fell just under $280, which was the lowest price this month. 

Warren Buffett recently called bitcoin a real bubble and he said there’s no telling how far Bitcoin’s price will go. He believes that “you can’t value bitcoin because it’s not a value-producing asset.” He told Market Watch in an interview that “people get excited from big price movements, and Wall Street accommodates.”

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