Bitcoin Core’s scaling solution is making headway, with the percentage of blocks signalling SegWit support reaching for 20 percent, as shown below, with pools such as Slush, BitFury and YourBTCC supporting the protocol change. Bitcoin users may have noticed that fees are higher than usual, attributed to the ongoing conflict in the bitcoin community regarding block size:
Fees are high because people are fighting with each other to make it into a block. It’s Bitcoin struggling to survive. Nothing good about it
— Olivier Janssens (@olivierjanss) November 24, 2016
The progress on the SegWit update can be tracked here.
Meanwhile, amidst India’s ongoing currency crisis, the US Dollar price for bitcoin came very close to the critical $1000 handle and the volume on LocalBitcoins has broken previous records,