Greeks were subjected to a daily withdrawal limit. Its normal for Bitcoin to trade on any single exchange at a price slightly different to the average. Every day, buyers absorb the thousands of coins offered by miners and other sellers. On the other side are the miners, who want to increase the size of blocks to make the network faster and more scalable. This typically leads to a bubble shortly followed by a crash. On the subject of business which banks wont (openly) touch, theres no avoiding mention of darknet drug markets. Nevertheless, this event shone a light on Bitcoins unique value as censorship resistant electronic money. One of the biggest moments for Bitcoin came in August 2017. That Bitcoins price is rising despite such high inflation (and that it rose in the past when the reward was 50 BTC!) indicates extremely strong demand.
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Until just before the decision, the solution known as Segwit2x, which would double the size of bitcoin blocks to 2 megabytes, seemed to have universal support. Although only 5 of British users have admitted to purchasing narcotics with Bitcoin, that figure is likely understated for reasons of legal risk. The risk of the Bitcoin network forking along different development paths is also something which could undermine the price. Nowadays there are many large exchanges, so a single exchange going bad would not have such an outsize effect on price. BTC/USD 5,021.65 6,643,813 Livecoin BTC/USD 5,078.00 6,393,385 maket institute forex Liquid BTC/USD 4,996.64 5,264,254 show all Total / Average BTC/USD 5,063.08 393,526,162 Other fiat 4,810,125,963 Total USD 24 volume 5,203,652,125.