Bitcoin is cheaper on the background of planned changes to the Protocol

© RIA Novosti / Vladimir Astapkovich in fotobasketball bitcoin. Archival photoBitcoin is cheaper on the background of planned changes to the Protocol© RIA Novosti / Vladimir Astapkovich the image Bank

The bitcoin exchange rate continues to decline on the background of planned changes to the Protocol (hard forks) cryptocurrency.

10:10 GMT bitcoin on Bitfinex exchange depreciated by 0.07 percent to 13.53 thousands of dollars on GDAX — 0.7 percent, to 14.15 thousands of dollars.

According to the website CoinMarketCap, the price of the cryptocurrency fell by 1.73 percent, to 13.99 thousands of dollars, and, according to Coindesk, — 0.35 percent, to 13.93 thousands of dollars.

The previous week, the bitcoin price fell after reaching the level of 20 thousand dollars.

Market players look forward to the hard forks of bitcoin, known as Segwit2x. It was first planned in November, but in the end suffered. A code update scheduled for December 28.

Segwit2x involves increasing block size to 4 MB, increasing the speed of production unit to 2.5 minutes, the recalculation of difficulty after each block, protect against repeated transactions, as well as support for smart contracts.

Analysts believe that the sharp appreciation of bitcoin in mid-December has shaken the confidence of the traders who started to seriously consider the theory of cryptocurrency «bubble».

Previously, experts told RIA Novosti that the reason for the subsequent reduction in price bitcoin market-based considerations. Co-founder of Emil Oldenburg stated that bitcoin has no prospects as a trading currency it has sold all of its bitcoins, making the choice in favor of Bitcoin Cash.

Reducing the cost of bitcoin can be attributed to the fact that the alternative cryptocurrency Bitcoin is Cash, «was somewhat legitimized» when it is added to the media resource specializing in crypto — Coinbase.

According to the results of a survey of Russian blockchain platform for issuing tokens and holding ICO Waves Platform, Russia in 2018 will become a leader among the countries most actively implementing cryptocurrencies and the blockchain technology in its economy.