The bitcoin prices continued to move higher over the weekend as it made another all time high and even broke through the $8000 region for a brief while before settling back lower below that for now. It looks as though it is only a matter of time that the prices break through the $8000 region for good and continue to move higher towards the $9000 region thereafter. The market has once again recovered strongly from a challenge which was forced on the industry due to the cancellation of the hard fork that was scheduled for the middle of the fork.
If there are still people around who doubt whether this industry would survive, then they arent showing up anytime soon. We are seeing more and more merchants and payment providers beginning to accept bitcoins as one of the payment methods and this is only going to increase its usage in due course of time and this would in turn lead to higher demand and hence higher prices.
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