Yesterday was a highly volatile session for Bitcoin even by its own standards. The cryptocurrency first surged higher by more than 10% to post a new record peak before a sharp reversal in the evening saw the day’s gains wiped out. The precipitous drop came after news broke that the widely anticipated software upgrade (known as SEGWIT2X) scheduled for next week had been suspended. Can the market shrug off this setback and continue the stunning recent rally or does a large correction lie ahead?

Watch or short video below: