Bitcoin Cash Supporters Continue to Hold on Bitcoin As BTC Shrugs Off Fork

in bitcoin •  7 years ago 

From Cointelegraph

So far, the Blockchain split between Bitcoin and Bitcoin Cash has been relatively uneventful. The Bitcoin price experienced some volatility, dropping by about 10 percent this morning, before recovering about half its losses.

Earlier today, Kraken began crediting Bitcoin Cash to holders of Bitcoin on its exchange, while simultaneously launching Bitcoin Cash trading pairs. The price of Bitcoin Cash has remained relatively stable around 0.07 BTC, or about $190.

Bitcoin seems to have stabilized around $2,750 at press time.

There had been speculation that the launch of Bitcoin Cash could result in wild market fluctuations, but that does not appear to have happened.

While volatility has been higher than normal due to traders withdrawing many of their funds from exchanges, there haven’t been any flash crashes or other abnormalities.

Likewise, some had wondered if supporters of Bitcoin Cash might dump their Bitcoin in order to pump the price of Bitcoin Cash.

At press time, this has not yet happened.

Read more: https://cointelegraph.com/news/bitcoin-cash-supporters-continue-to-hold-on-bitcoin-as-btc-shrugs-off-fork
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Great news thank you for sharing man we need to buy some bitcoin cash before the price up.

the market wasn't affected as much as we thought it would be from this fork

$275 currently. BAH to all the Bitcoin Cash haters!

We will have to see how long that lasts for.

the bitcoin is the the currencies god because it's the most currency used in internet in the hole world

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