RATE Group | This Key Reason is Why Bitcoin Cash’s Sudden 14% Rally Won’t Last
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This Key Reason is Why Bitcoin Cash’s Sudden 14% Rally Won’t Last

11 Jan This Key Reason is Why Bitcoin Cash’s Sudden 14% Rally Won’t Last

Posted at 09:34h in Bitcoin News by

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The cryptocurrency market mounted a crazy recovery on Friday. Bitcoin, Ethereum, XRP, and all the rest of the altcoins surged higher, rallying to prices not seen since days earlier.

While this was notable in and of itself, with BTC managing to retake the $8,000 price point on a daily basis in a move benefiting bulls, one weird trend was spotted: all Bitcoin forks, from the Cash (BCH) and Satoshi Vision (BSV) variant to the more obscure Diamond fork, saw a stellar surge in prices. Just look to the data from CoinMarketCap below, which shows that four forks (five really, as Dash is technically a Bitcoin fork) have absolutely exploded higher.

BSV gained a jaw-dropping 40%, while BCH, the largest fork of the original Bitcoin chain, registered a 14% surge.

While this sudden surge higher has convinced many investors of the bull case for these altcoins, there is a key reason why the rallies in the price of Bitcoin Cash and other forks may not last on a medium-term scale.

Why Is Bitcoin Cash…

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