Over the past 12 hours, the crypto market has sank more than $ 8 billion. The reason for this decline is the fall of several large digital assets, including Bitcoin Cash (BCH) and Stellar (XLM), according to Crypto Market.
For the first time in the last ten days, the price of BCH has fallen below $ 500. Today it is only 480 US dollars. During the past week, after overcoming its monthly high of $ 630, BCH dropped sharply by more than 24.4 percent.
Many traders assume that the rapid decline was caused by the conflict between Bitcoin SV and Bitcoin Cash.
"It is possible that the conflict between the "camp" of Bitcoin SV fans and the "camp" of Bitcoin Cash has already become personal among the key figures. This is primarily due to the threats that have been expressed by CSW to the developers and miners of the original Bitcoin Cash network. The conflict situation led to a loss of investor confidence, and as a result, to a drop in the rate." – Crypto Market.
As you know, Bitcoin SV took over “Bitcoin cash” on the Poloniex cryptocurrency exchange. Recall that Poloniex is one of the few exchanges that allows for early margins and tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details of not yet released SV.
In addition to the sharp collapse in the price of Bitcoin Cash (BCH), a drop is also observed in the case of AltcoinAltcoin
– are the common name for all cryptocurrencies (except Bitcoin).Details Stellar (XLM). Now, the rate of the popular Altcoin is only 0.25 dollars. With a total capitalization level of 4,729,956,431 US dollars.
According to the Minfin.com: XLM on November 14 fell by 3.24 percent.
Editor: Alyona Nabok