{"id":76510,"date":"2026-08-07T19:10:20","date_gmt":"2026-08-07T19:10:20","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-tops-65340-as-bip-110-fight-raises-hard-fork-risk\/"},"modified":"2026-08-07T19:10:20","modified_gmt":"2026-08-07T19:10:20","slug":"bitcoin-tops-65340-as-bip-110-fight-raises-hard-fork-risk","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-tops-65340-as-bip-110-fight-raises-hard-fork-risk\/","title":{"rendered":"Bitcoin Tops $65,340 as BIP 110 Fight Raises Hard Fork Risk"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitcoin hit an August peak of $65,340 on Bitstamp before consolidating with a 0.5% daily gain.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Crypto liquidations reached $192 million as bitcoin\u2019s market cap surged back above $1.3 trillion.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Senator John Thune delayed the CLARITY Act to September as Luke Dashjr warned of a BIP 110 fork.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Bitcoin Reclaims $65K Range<\/h2>\n<p>On Friday, bitcoin finally breached the $65,000 threshold amid escalating <a href=\"https:\/\/news.bitcoin.com\/bitcoin-nears-chain-split-as-bip-110-rebels-defy-global-hashpower\/\">rhetoric surrounding BIP 110 and threats of another hard fork<\/a>. Bitstamp data shows the cryptocurrency peaked at $65,340\u2014its highest point in August so far and its first return to that level since July 27. Before 4:00 a.m. EST, however, the cryptocurrency had been gradually declining, with selling pressure briefly pulling it down to $64,132.<\/p>\n<p> <iframe src=\"https:\/\/markets.bitcoin.com\/crypto\/bitcoin\/embed\" width=\"100%\" style=\"max-height:500px;height:500px;border:none;overflow:hidden;border-radius:4px\" scrolling=\"no\" title=\"bitcoin market data\"><\/iframe> <\/p>\n<p>A strong rally followed, pushing bitcoin up by over $1,000 in just five hours to reach its daily peak. Although it retreated below $64,800 around 10:10 a.m. EST, a subsequent relief rally sent it rocketing past $65,000 for the second time. At the time of writing, Bitcoin was trading just below that mark, bringing its daily gains to 0.5%.<\/p>\n<p>Despite the relatively flat price action, the movement pushed bitcoin\u2019s market capitalization back past $1.3 trillion. The marginal daily gain capped off a 3.3% weekly rise during a turbulent period in which controversy over the CLARITY Act reached a crescendo.<\/p>\n<p>In the derivatives market, short liquidations topped $30 million for the second consecutive day, while long liquidations neared $8 million. Across the broader crypto economy, total liquidations hit $192 million, with short wipes accounting for just under $112 million.<\/p>\n<p>Meanwhile, hopes for the passage of the CLARITY Act before the U.S. Senate recess were dashed when Senate Majority Leader John Thune <a href=\"https:\/\/news.bitcoin.com\/regulation-and-legal\/thune-delays-clarity-act-vote-to-september-amid-senate-deadlock\/\">announced plans to revisit the topic in September<\/a>. While a setback for the crypto industry\u2014which had framed the bill as a crucial milestone under the Trump administration\u2014some market participants brushed off the potential negative impact.<\/p>\n<p>However, regulatory debate was not the only issue shaping discussions around Bitcoin\u2019s future. The controversial BIP 110 proposal reached a fever pitch after prominent Core developer Luke Dashjr suggested on X that if BIP 110 fails to gain traction, changing Bitcoin\u2019s proof-of-work (PoW) consensus mechanism would be \u201cthe only option\u201d\u2014a stance that underscored the <a href=\"https:\/\/news.bitcoin.com\/featured\/bip-110-supporters-prepare-pow-switch-if-miners-refuse-soft-fork-plan\/\">growing risk of a potential chain split<\/a>.<\/p>\n<p>\u201cIf BIP110 doesn\u2019t pan out, the only option is a PoW change,\u201d <a href=\"https:\/\/x.com\/lukedashjr\/status\/2084962902490980541?s=12&amp;t=DXdeeF_ZeqQ8muJS7ruvPg\" target=\"_blank\" rel=\"noopener noreferrer\">he wrote on X<\/a> when asked about the proposal\u2019s potential failure.<\/p>\n<p>Others warn that if miners don\u2019t back the proposal, this has deep implications for bitcoin, which has retained its status as the number one decentralized network despite challenges including the 2017 hard fork.<\/p>\n<p>Echoing the urgency, itcoiner Nithu Sezni <a href=\"https:\/\/x.com\/nithusezni\/status\/2085723591430050191\" target=\"_blank\" rel=\"noopener noreferrer\">asserted that if miners refuse to activate BIP 110<\/a>, bitcoin effectively becomes a centralized \u201cshitcoin.\u201d Sezni argued that if six major mining pools can block the proposal and collude to dictate network rules, decentralization is lost\u2014leaving node runners vulnerable to blockchain bloat and state capture before hyperbitcoinization can occur.<\/p>\n<p>Still, much like the legislative back-and-forth over the CLARITY Act, the BIP 110 debate appears to have had a limited impact on bitcoin\u2019s price. In fact, some market observers suggest bitcoin\u2019s upward trend ahead of the BIP 110 deadline is driven by investors accumulating coins in anticipation of a potential hard fork\u2014a scenario that would automatically grant them equivalent tokens on the split chain.<\/p>\n<div class=\"not-prose my-3 lg:my-4\"><a aria-label=\"Read Now: Bitcoin Holds Above $64,500 as Short Liquidations Drop\" class=\"block overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] no-underline focus-visible:outline-none focus-visible:ring-2 focus-visible:ring-[#4169E1] focus-visible:ring-offset-2 flex flex-col md:hidden\" href=\"https:\/\/news.bitcoin.com\/bitcoin-holds-above-64500-as-short-liquidations-drop\/\"><\/p>\n<div class=\"relative aspect-video w-full overflow-hidden rounded-[15px]\"><\/p>\n<h3 class=\"absolute inset-x-0 bottom-0 m-0 p-3 text-xl font-bold capitalize leading-[1.17] tracking-[-0.4px] !text-white\">Bitcoin Holds Above $64,500 as Short Liquidations Drop<\/h3>\n<\/div>\n<div class=\"flex flex-col gap-2.5 px-1 pt-2.5 pb-1\">\n<p class=\"m-0 line-clamp-2 text-xs leading-[1.3] !text-[#67656E]\">Bitcoin briefly approached $65,000 on Thursday, holding support above $64,500 despite intraday pullbacks to $64,144 and bringing its gains since\u2026<\/p>\n<p><span aria-hidden=\"true\" class=\"flex items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white h-[38px] w-full\">Read Now<\/span><\/div>\n<p><\/a><a aria-label=\"Read Now: Bitcoin Holds Above $64,500 as Short Liquidations Drop\" class=\"block overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] no-underline focus-visible:outline-none focus-visible:ring-2 focus-visible:ring-[#4169E1] focus-visible:ring-offset-2 hidden md:flex md:flex-row md:gap-3 lg:hidden\" href=\"https:\/\/news.bitcoin.com\/bitcoin-holds-above-64500-as-short-liquidations-drop\/\"><\/p>\n<div class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\"><img alt=\"Bitcoin Holds Above $64,500 as Short Liquidations Drop\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-holds-above-64500-as-short-liquidations-drop-150x150.png&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-holds-above-64500-as-short-liquidations-drop-150x150.png&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-holds-above-64500-as-short-liquidations-drop-150x150.png&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-holds-above-64500-as-short-liquidations-drop-150x150.png&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-holds-above-64500-as-short-liquidations-drop-150x150.png&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-holds-above-64500-as-short-liquidations-drop-150x150.png&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-holds-above-64500-as-short-liquidations-drop-150x150.png&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-holds-above-64500-as-short-liquidations-drop-150x150.png&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-holds-above-64500-as-short-liquidations-drop-150x150.png&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-holds-above-64500-as-short-liquidations-drop-150x150.png&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-holds-above-64500-as-short-liquidations-drop-150x150.png&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-holds-above-64500-as-short-liquidations-drop-150x150.png&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<\/div>\n<div class=\"flex min-w-0 flex-1 flex-col justify-between gap-2\">\n<h3 class=\"m-0 line-clamp-3 text-xl font-bold capitalize leading-[1.17] tracking-[-0.4px] !text-[#1C1C1C]\">Bitcoin Holds Above $64,500 as Short Liquidations Drop<\/h3>\n<p class=\"m-0 line-clamp-2 text-sm leading-[1.3] !text-[#67656E]\">Bitcoin briefly approached $65,000 on Thursday, holding support above $64,500 despite intraday pullbacks to $64,144 and bringing its gains since\u2026<\/p>\n<p><span aria-hidden=\"true\" class=\"flex items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white h-[38px] w-full\">Read Now<\/span><\/div>\n<p><\/a><a aria-label=\"Read Now: Bitcoin Holds Above $64,500 as Short Liquidations Drop\" class=\"block overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] no-underline focus-visible:outline-none focus-visible:ring-2 focus-visible:ring-[#4169E1] focus-visible:ring-offset-2 hidden lg:flex lg:flex-row lg:gap-4\" href=\"https:\/\/news.bitcoin.com\/bitcoin-holds-above-64500-as-short-liquidations-drop\/\"><\/p>\n<div class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\"><img alt=\"Bitcoin Holds Above $64,500 as Short Liquidations Drop\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-holds-above-64500-as-short-liquidations-drop-150x150.png&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-holds-above-64500-as-short-liquidations-drop-150x150.png&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-holds-above-64500-as-short-liquidations-drop-150x150.png&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-holds-above-64500-as-short-liquidations-drop-150x150.png&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-holds-above-64500-as-short-liquidations-drop-150x150.png&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-holds-above-64500-as-short-liquidations-drop-150x150.png&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-holds-above-64500-as-short-liquidations-drop-150x150.png&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-holds-above-64500-as-short-liquidations-drop-150x150.png&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-holds-above-64500-as-short-liquidations-drop-150x150.png&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-holds-above-64500-as-short-liquidations-drop-150x150.png&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-holds-above-64500-as-short-liquidations-drop-150x150.png&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F08%2Fbitcoin-holds-above-64500-as-short-liquidations-drop-150x150.png&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<\/div>\n<div class=\"flex min-w-0 flex-1 flex-col justify-center gap-2\">\n<p><h3 class=\"m-0 min-w-0 flex-1 line-clamp-2 text-2xl font-bold capitalize leading-[1.17] tracking-[-0.48px] !text-[#1C1C1C]\">Bitcoin Holds Above $64,500 as Short Liquidations Drop<\/h3>\n<p><span aria-hidden=\"true\" class=\"flex items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white h-12 w-[180px] shrink-0\">Read Now<\/span><\/p>\n<p class=\"m-0 line-clamp-2 text-base leading-[1.3] !text-[#67656E]\">Bitcoin briefly approached $65,000 on Thursday, holding support above $64,500 despite intraday pullbacks to $64,144 and bringing its gains since\u2026<\/p>\n<\/div>\n<p><\/a><\/div>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/market-updates\/bitcoin-tops-65340-as-bip-110-fight-raises-hard-fork-risk\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Bitcoin hit an August peak of $65,340 on Bitstamp before consolidating with a 0.5% daily gain. Crypto liquidations reached $192 million as bitcoin\u2019s market cap surged back above $1.3 trillion. Senator John Thune delayed the CLARITY Act to September as Luke Dashjr warned of a BIP [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":76511,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76510"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=76510"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76510\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/76511"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=76510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=76510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=76510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}