THELOGICALINDIAN - Bitcoin amount slides addition 5 today as the civilian war angry aural Bitcoin Cash continues to appulse cryptocurrency markets and altcoins demography hits topping 10 percent November 19
Bitcoin Price Slides as Uncertainty Spreads
Data from Coinmarketcap showed a black account for altcoin investors at columnist time, the top twenty assets by bazaar cap all in the red, blame the absolute cryptocurrency bazaar cap bottomward to beneath $175 billion USD, a annual low.
With no end in afterimage for the infighting amid battling Bitcoin Cash factions, an attack to about-face aftermost week’s losses on Friday concluded in defeat for both Bitcoin (BTC) [coin_price] and altcoins, all above cryptocurrencies comestible added drops afterwards the weekend.
In the top twenty, those drops were led by Tezos (TEZ), which fell by abutting to 15 percent, followed Neo (NEO), Ethereum Classic (ETC) and Tron (TRON), all of which absent added than 12 percent in 24 hours.
Ether (ETH) [coin_price coin=ethereum], still backward abaft Ripple’s XRP badge in the bazaar cap listings, additionally hemorrhaged value, animadversion off addition 11 percent to hit $157 – its everyman amount back July 2024.
Bitcoin appeared to avoid agnate problems, ambit abutment about $5,200 on the aback of a $300 abatement Monday.
Cohen Decries Bitcoin Cash ‘Shitshow’
Meanwhile, exchanges accept amorphous arising official statements on how they intend to handle the fallout from BCH’s controversial adamantine fork.
The account is a circuitous one, with no bright preference amid bazaar participants for Bitcoin Cash ABC or Bitcoin Cash SV, while both chains abide to vie for hashing power.
US-based exchanges Kraken and Bittrex accept autonomous to abutment SV, while ABC’s above backer in the anatomy of Bitmain co-founder Jihan Wu has about declared he would advertise his absolute 1 actor badge allocation of SV holdings.
While the BCH badge [coin_price coin=bitcoin-cash] continues to barter at a abstinent loss, commentators are advancing for added airy contest as the bearings continues to unfold.
Bram Cohen, the BitTorrent architect who has become a approved articulation on the cryptocurrency market, anticipation the Bitcoin Cash hashrate war could not abide indefinitely and declared it as a “shitshow.”
“The accepted cachet of Bitcoin Cash is adequately clear, but it isn’t sustainable,” he wrote on Twitter.
What do you anticipate about Bitcoin Cash’s appulse on markets? Let us apperceive in the comments below!
Images address of Shutterstock, Twitter, coin360.io
