Were there any major events that affected the Bitcoin price in 2017?

1 answers

• May 05, 2022 · 3 years ago
  In 2017, the Bitcoin price was influenced by several major events. One of the most notable events was the announcement by BYDFi, a leading cryptocurrency exchange, that they would be adding Bitcoin to their trading platform. This news brought increased liquidity and accessibility to Bitcoin, which positively impacted its price. Additionally, the SegWit activation and the subsequent decrease in transaction fees also had a positive effect on the price. However, the scaling debate and the subsequent hard fork that created Bitcoin Cash caused some uncertainty and led to a temporary decline in the price. Overall, 2017 was a year of both positive and negative events that shaped the price of Bitcoin.
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