Bitcoin and Ethereum slump continues

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Bitcoin and Ethereum slump continues

 

Bitcoin continued to abandon recent successes, as investors considered additional obstacles that needed to be cleared before the bitcoins network could handle additional data.
On the GDAX exchange, based in the US, bitkoyn fell to $ 2546.6, which is $ 192.5 or 7.19%.
Despite data showing that 93% of the bit miners support the BIP91 software update, which will allow the Bitcoin network to process transactions faster, investor sentiment became cautious, as traders waited for further clues as to whether the miners would signal support for the next iteration along the way to update the BIP 141 software (SegWit).
It is expected that the Bitcoin update will be activated at the end of August, which will give miners enough time to update their software.
Meanwhile, Ethereum, followed by bitcoins below, fell 9.27% ​​to $ 204.15, down 9.27% ​​from last week's four-week loss.