On August 1, the bitcoin was divided into two - the classic Bitcoin and the new Bitcoin Cash. In the first days after the division, the currency began to rise sharply and at some point cost about $ 800, and capitalization reached $ 12 billion. As can be seen from the graphs on coinmarketcap, in recent years the situation has changed dramatically.
At the time of preparation of the material, the cost of Bitcoin Cash was already $ 325, the price of the crypto currency fell for the last two days. Capitalization has also significantly decreased - now it is about $ 5.3 billion.
Forklog portal provided an opinion on the topic of what caused such a sharp increase and, as a consequence, the current decline. This may be due to the fact that after the separation, the owners of the classic Bitcoin received the same equivalent of the new one: for example, 1 Bitcoin Cash was issued for 1 Bitcoin. The problem was that some exchanges did not support the division, and therefore, a new crypto currency. In this regard, many did not know how to sell it and, in fact, get free money. Now the market is gradually opening to Bitcoin Cash, thousands of people have gone to change digital gold to the real currency. As a consequence, the price collapsed.
The classic Bitcoin, despite all the concerns, continues to show growth. At the time of preparing the material, it costs more than $ 2,800.
Post created by @hrytsenko