Rising Demand in China Other Asian Countries May Push BTC to $5000

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Rising Demand in China, Other Asian Countries May Push Bitcoin to $5000 by Aug. 30

There are about 15 more days left in the month of August 2017 and Bitcoin price seems to continue recovering from the stunted growth it has seen since the scaling issue heated up earlier this year.

After the split of Bitcoin Cash BCH and the issue of the uncertainty – and its debate traced back to 2010 – surrounding what is to come if it happens has been put to rest, the legacy Bitcoin BTC network has seen a reinforcement that made its market share gain about $10 bln in the following week to reach about $70 bln of the entire $134 bln cryptomarket.

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