Bitcoin Dips Under $7000; Bitcoin Gold Drops 10%

Bitcoin fell on Monday, as recent optimism over the CME Group announcement last week that it plans to launch bitcoin futures in the fourth quarter failed stem losses.

On the U.S.-based Bitfinex exchange, bitcoin fell to $6997.7, down $384.3, or 5.21% after hitting an all-time high of $7595. The dip in bitcoin saw its market cap fall to $118 billion.

Bitcoin struggled to continue its six-day streak of record highs, as traders mulled over the upcoming split or fork of the underlying software supporting the bitcoin network. The next iteration of the Segregated Witness update – Segwit2x – is slated to activate over the next two weeks…

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