Bitcoin prices have risen steadily over the last few days and has now risen back to over $4,000.
The cryptocurrency experienced a dip recently after the Chinese government said they will be banning exchanges due to the corruption in the ICO market.
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Furthermore, rumors that a diminutive group of miners and developers are planning to carry out a planned fork of the blockchain this month has prompted a lesser sell-off.
As Bitcoin miners and developers follow individual ideas to gauge its precipitously emerging marketplace, the cryptocurrency could fragment once more in November, generating a third version, Bitcoin Cash being the second.
The first split happened in the beginning of August, with the creation of Bitcoin Cash. The price of normal BTC slipped 6.8 percent in a 48-hour period but prices recovered, escalating to a high of $4,880.85 by Sept. 1.
“The incentives for mining Bitcoin, and the popularity of the platform, continue to grow, and the trend is clear. Bitcoin is here to stay, and despite dips and bumps in the road, will continue to grow in value.”