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Bitcoin tops $65,340 amid BIP 110 fork debate and $192M crypto liquidations

Market News
07 Aug 2026
Bitcoin
View Source
Bullish
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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. Despite regulatory setbacks with the CLARITY Act delay, Bitcoin'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. The situation remains fluid as the crypto community watches for miner support and regulatory developments.

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