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Crypto

Bitcoin Tops $65,340 Amid BIP 110 Fork Debate and Regulatory Uncertainty

Guavy AI Editorial Team
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Bitcoin surged to $65,340 in August, driven by rising tensions over the BIP 110 proposal and fears of a hard fork. The cryptocurrency's market cap climbed above $1.3 trillion, supported by $192 million in crypto liquidations dominated by short position wipes.

The BIP 110 debate highlights risks of network decentralization and potential chain splits, but investor interest remains strong, possibly anticipating token gains from a fork.

As the situation remains fluid, the crypto community watches for miner support and regulatory developments. Despite regulatory setbacks with the CLARITY Act delay, Bitcoin's price continues to rise.

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