Bitcoin Gold Shakes Prices While Industry Ups 2x Rhetoric

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Bitcoin dipped back below $5,500 Wednesday as a three to six percent downturn hit the majority of cryptocurrency markets.

36 hours after Bitcoin Gold became the second fork of the Bitcoin network, Bitcoin prices came down from their $6,100 highs to hit a low of $5,479, according to data from Bitstamp.

$10 bln has also disappeared from Bitcoin’s market cap since hitting the highs, with market dominance remaining above 56 percent.

In line with current trends, mainstream media picked up on the downturn, with CNBC sounding the alarm about a Bitcoin low of $5,374 and a “plunge” in Bitcoin Gold of 66 percent since it began trading on Bitfinex.

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In the latest developments on SegWit2x, instant exchange platform Changelly told Cointelegraph it would consider the longest chain with the most accumulated difficulty to be ‘Bitcoin’ following the fork.

Joining Coinbase and Xapo in its perspective, Changelly nonetheless added it “hoped” the legacy Core chain would remain that which exhibited the desired characteristics.

“In case of chain split we most likely integrate B2X fork as an altcoin for exchange,” CEO Konstantin Gladych added.
Competitor ShapeShift’s CEO Erik Voorhees has been a long-time proponent on SegWit2x.