Bitcoin Price Back to $2,800, but Look Out for the Hard Fork

The Bitcoin price rebounded Friday as traders tried to navigate shifting news in the ongoing Bitcoin civil war. Relief last week from an apparent solution to the two-year-old scaling debate, a proposal caused SegWit2x, turned to anxiety as a disgruntled faction announced a plan to do a "hard fork." Called Bitcoin Cash, this hard fork will create a separate and incompatible version of Bitcoin on Aug. 1. And while counterintuitive, that's why the price of Bitcoin is rising now. Here's what's going on... Tags: bitcoin price To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2017 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Bitcoin Price Back to $2,800, but Look Out for the Hard Fork appeared first on Money Morning - We Make Investing Profitable .