RATE Group | Bitcoin Cash Forks — Mayhem on the Markets
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Bitcoin Cash Forks — Mayhem on the Markets

16 Nov Bitcoin Cash Forks — Mayhem on the Markets

Posted at 11:01h in Bitcoin News by

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Bitcoin cash forks and creates mayhemBitcoin News

Thursday was a volatile day on the cryptocurrency markets with Bitcoin Cash forking into two different currencies, BCHSV and BCHABC creating considerable hash wars which are ongoing.

One worrying aspect of this fork is that some wallets, particularly the Bitcoin.com wallet saw its BCH value lower considerably. The average price on this wallet was around $360 on Friday morning, in contrast with the total price of $446 on eToro although admittedly, trading was frozen on that platform.

In the meantime, Bitcoin has hit another bottom and exchange volume spiked by 80%. Why is this happening? Are we going deeper into this bear market? What does this mean for the future of crypto? I spoke to a few luminaries from the crypto space to find out more.

Danny Kim, Head of Growth at SFOX, a dealer for institutional cryptocurrency trades said that volatility ultimately boils down to the basic economic forces of supply,…

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