Advertisement
AD

Bitcoin Price Crashes While Its Controversial Forks Shine

Wed, 14/08/2019 - 7:13
The proponents of Bitcoin Cash and Bitcoin SV had a field day with the two forks greatly outperforming Bitcoin.
Advertisement
Bitcoin Price Crashes While Its Controversial Forks Shine
Cover image via www.123rf.com
Google

Aug. 13 wasn’t exactly the best day for Bitcoin maximalists. The BTC price crashed by more than 6 percent, tumbling below the $10,500 level. In fact, Bitcoin turned out to be second the worst-performing asset inside the CoinMarketCap top 10 (only behind Monero).

Advertisement
HOT Stories
Bitcoin (BTC), XRP, Shiba Inu (SHIB), Toncoin (TON) and Zcash (ZEC) Price Analysis for May 13: Hiding Explosive Volatility Potential 1.3% of All XRP Now Unavailable Amid US ETF Rally; Vitalik Buterin Surprises Market With New SHIB-Style Donation; Bitcoin to $126,000: Arthur Hayes on New BTC Price High - Morning Crypto Report
Article image
Image by Coinmarketcap

Crypto trader Alex Krüger points out that the Fear & Greed index is currently at the December 2018 lows.

Meanwhile, Roger Ver’s controversial fork Bitcoin Cash rewarded its holders with a solid 5 percent price increase. Considering that these two coins usually move in tandem, that was quite an anomaly.     

Notably, Bitcoin SV, the fork of Bitcoin Cash, is also in the green with a 3 percent price spike while other top altcoins remain in the doldrums.

Advertisement
Advertisement