Altcoins BitcoinFork

Bitcoin Cash plunges below $500 mark as crypto market crumble persists!

The crypto space continues to suffer setbacks as over$ 8 billion is slashed from the market just over the past 12 hours. Major assets have suffered with giants such as Bitcoin Cash tumbling in the process.

For the first time in a couple for days, the price of Bitcoin Cash (BCH), which in just the other week had rose to  hit a $630 high in preparation for the hard fork, has drastically dropped to below the $500 mark to settle at a $480 bottom loosing over 20% of its market value in the process.

Bitcoin Cash vs. Bitcoin SV

Many experts believe the bad blood between Bitcoin Cash and Bitcoin SV could be the root of Bitcoin Cash woes. The two camps have had a sickly relationship of late which worsened after Craig Stephen Wright (CSW), president of Bitcoin SV threatened miners and developers on the Bitcoin Cash platform forcing most of them to lose confidence on the short -term trend of the currency.

“I will ensure that any miner passing DSV can be held liable… the end will be a drop in value for those using DSV and I will help ensure those who loose claim against this act. The developer in ABC will be held personally liable. Oh… I do have a Masters in Law on just this area,” CSW stated.

Author: Author : Sam

Sam, has been contributing to cryptonewsbytes team since 2017. He is also a crypto-enthusiast and talented market analyst. In his free time, you will find him traveling and exploring new places.

The following two tabs change content below.
Sam, has been contributing to cryptonewsbytes team since 2017. He is also a crypto-enthusiast and talented market analyst. In his free time, you will find him traveling and exploring new places.
Sam, has been contributing to cryptonewsbytes team since 2017. He is also a crypto-enthusiast and talented market analyst. In his free time, you will find him traveling and exploring new places.

Leave a Reply

Be the First to Comment!

  Subscribe  
Notify of