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Bitcoin established a new all-time high yesterday! The spike happened right after the news that the SegWit2x hard fork event was cancelled.

Cryptocurrency traders were awaiting SegWit2x hard fork with great excitement! The fork would have divided the blockchain into two, enabling production for more coins and making it more accessible.

However, the organizers cancelled it due lack of consensus and therefore, Bitcoin price reached $7768.50. The leading cryptocurrency is still trading above $7000/coin today.

Can Bitcoin stay above this level?

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