Worlds largest Cryptocurrency Bitcoin reached its all-time high of $ 7838.41 on 8th November. But it fell back down to $7058 today as the controversial bitcoin software update is called off and the attempt to increase the block size by way of a hard fork is thus canceled.
Chart Courtasy : BPI Coindesk https://www.coindesk.com/price/
This decision can lead to the bearish rally, as the main reason for the price rise was "Free Money" generated from the hard fork. Now as the hard fork is canceled it can change the sentiments of the investors and Bitcoin can fall back 6000's in the upcoming week.
