Bitcoin Cash Crashes by 18% in Leadup to Fork, Investor Sentiment Falls in Tow

In the midst of significant attention in the run-up to the November 15 Bitcoin Cash hard fork, the market has failed to maintain its enthusiasm as Bitcoin Cash sees a staggering 18% crash over the past several days.

Despite a significant spike on August 06 in which Bitcoin Cash climbed to an impressive $638 in a 24-period, it has since crashed back down to just $518 as of writing, lower than its value prior to its pre-fork pump.

The move comes shortly after Jihan Wu, co-founder of Bitmain, the world's largest producer of ASIC mining hardware announced plans to dismantle the "Fake Satoshi" Craig Wright, the main proponent of the Bitcoin SV, in response to his recent tweet:

Typically, investors will stock up on a coin prior to a hard fork in order to produce a net profit after the fork.

However, the change in investor sentiment likely indicates that there is little faith that both Bitcoin ABC and Bitcoin SV will remain viable chains after the split, instead defaulting to a view that a consensus debate is bad for business.

➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖
🌐 FREE Cryptocurrency Signals
🌐 Follow us on Twitter
🌐 Visit our Official Website
🌐 About WhaleAgents
🌐 Original post in our Tradingview profile
➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖