BCH Storm Behind us ?steemCreated with Sketch.

in #bitcoin7 years ago

                                                                                     


Due to a massive pump and the death of SegwitX2 the price of the bitcoin begun to decline, traders  thought BCH will unthrone BTC and started to sell their BTC for BCH.

Over the last 2 days the BTC price dropped from $7704  to $5627 while BCH price has risen from $500 usd to a short term high over $2150 usd. The price has quadrupled during the last few days and took the place in the overall market capitalization of the Ethereum the major challenger to Bitcoin.

Even Vitalik Butterin tweeted his congratulations

 

It seems the market is now correcting itself : BCH price is retracting, BTC price going up and Ethereum gaining it's place back to the overall market capitalization


   It's not the first whale attempt or the last one however it was a bit scary. 


storm image from national geographic

Sort:  

They will not divide us

It was crazy watching the price swings of BCH today. went smashing by ETH for marketcap before coming back down. Wonder if its just a short term pump or here for good

There is a war between the chineses and all other countries.let's hope it will bring Btc more upgrades

bitcoin is going to hit 10000 usd in the end of the year i think (:

Broadcast says $8000, it will be harsh

Congratulations @bit-news! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes received

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Coin Marketplace

STEEM 0.17
TRX 0.13
JST 0.027
BTC 60482.94
ETH 2613.04
USDT 1.00
SBD 2.63