Bitcoin in the News : 2017-07 Price

Although the chart below isn't strictly limited to first-day-of-the-month and last-day-of-the-month markers, it does show the bitcoin price action over the month of July. The chart's start price corresponds to the end of the chart in Bitcoin in the News : 2017-06 Price, while the end price shows the upward trend continuing into August.

Bitcoin Price Index

Once again I turn to Bitcoin price analysis (cointelegraph.com) for some background on the price movement. The first half of the month had only a few (increasingly tedious) stories predicting an eventual target price -- $55.000, $4.000, $500.000 -- which might as well be produced by a random number generator. The second half of the month had a few stories with more depth.

• 2017-07-21: SegWit2x Deployment: ‘Excited Traders’ Drive Bitcoin Price Up • 'Bitcoin has bounced back from its huge loss after bridging an ideological gap that poses a threat to the number one cryptocurrency. [...] Many core members are still not open to the use of SegWit2x because they say it hasn’t been tested for bugs yet. Also, not all miners support SegWit2x, which they say is a flawed compromise that doesn’t solve the root scaling problem.'
• 2017-07-28: Bitcoin Price Reacts to SegWit News • 'Yesterday, July 27, the signaling stage about the Segregated Witness protocol, SegWit, BIP 141, was activated'

The term 'SegWit' was first seen on this blog in Bitcoin in the News : 2016-10 More++. That post points to a previous post from April 2016 where the term 'segregated witness' was introduced and which itself points to an important video explaining the subject. As for 'SegWit2x', the simplest explanation I could find is How is Segwit2x different from Segwit? (bitcoin.stackexchange.com):-

SegWit2x is a combination of both SegWit and a 2MB hardfork (to activate three months after SegWit). SegWit2x uses a different 'bit' for signaling (bit 4 instead of bit 1) than SegWit.

That appears to be where we are today -- more price news next month.