ADVERTISEMENT
Bitcoin Posts Biggest Weekly Decline Since January: Chart
After the decline, possibilities are that bitcoin will split in two.
15 Jul 2017, 11:24 AM IST 
An employee demonstrates the usage of a bitcoin automated teller machine (ATM) at the BITPoint Japan Co. headquarters in Tokyo, Japan. (Photographer: Akio Kon/Bloomberg)
(Bloomberg) -- Bitcoin declined about 14 percent this week, the biggest five-day slide since January, as rival enthusiasts of the digital currency consider adopting two competing software updates at the end of July. That has raised the possibility that bitcoin will split in two, an unprecedented event that would send shockwaves through the cryptocurrency market. Still, bitcoin has more than doubled this year amid greater acceptance of the blockchain technology that underpins the exchange method.
To contact the reporter on this story: Lily Katz in New York at lkatz31@bloomberg.net.
To contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Dave Liedtka, Sophie Caronello