This last month has been very volatile with Bitcoin's hard fork concerns causing a major downturn in the market despite many people believing other cryptocurrencies would be seen as a 'safe haven' from this downturn.
So what does this mean? It means that Bitcoin is still seen as a confidence signal in the cryptocurrency community and that the price of a significant number of alt coins is dependent on the price of Bitcoin. With BIP91 reaching 80% support it seems that a hard fork will be avoided at this point however there will be more to come if you have a look at the image shown below:
It looks like the next volatile period will come November 5th, but a lot can happen in that time frame so we will see.
If you liked this post, follow and upvote me @ardy. I post regularly about cryptocurrency on steemit.
So.. things have changed a bit with BCC starting to get a lot of traction. The next 48 hours are going to be intense.
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