SegWit2x futures market continues to operate despite the cancellation of the hard fork

Despite yesterday's announcement that the anticipated bifurcation of the Bitcoin network will not take place, the SegWit2x futures market will continue to operate. At the time of writing, SegWit2x futures are trading at approximately US $ 250 on Hitbtc and Exrate, and are trading at approximately US $ 180 at Bitfinex.

In response to the news about SegWit2x, the price of Bitcoin suddenly rose to set a new historical high of US $ 7,900, before going back down and around the US $ 7,000. At this time, according to data from Coinmarketcap, the price of the market's leading cryptocurrency is US $ 7,176.26.

However, the news about the cancellation of the bifurcation turned out to be catastrophic for many people who had invested in the SegWit2x futures market. The futures of the cryptocurrency resulting from the canceled hard fork plummeted from approximately US $ 1,300 to US $ 150, before rising again to US $ 290.92 (current price).

On the other hand, the BT2 tokens are being negotiated at a substantially lower price of US $ 177.49. From the historical maximum reached by the SegWit2x futures, which stood at US $ 2,400 on November 3, they have lost approximately 90% of their value

When the announcement about the cancellation of hard fork was published, investors closed ranks, however, many SegWit2x futures traders are not sure why many people are still willing to participate in this market. One possible reason could be the announcement of the mining group Bitpico, which said they will continue to support the bifurcation.

At the moment, the statements of Mike Beishe yesterday regarding the cancellation of the second stage of SegWit2x seem to be very emphatic, and although many members of the community currently feel calmer about this news and the Bitcoin could see increased its value, nothing is written in the complex and volatile sector of cryptocurrencies.