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
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