Published on November 13th, 2017 | by bitcoin0
Bitcoin quickly drops 15% amid contest over digital currency’s future
However, more than 120 “cryptofunds” have emerged to invest in bitcoin, other digital currencies and related business projects, according to financial research firm Autonomous Next.
Bitcoin in the last 24 hours
Critically, the latest swings in bitcoin also reflect disagreement among digital currency developers about the future of bitcoin.
As the original bitcoin tumbled, supporters of offshoot bitcoin cash, took to promoting it over the weekend on Twitter.
Trading volume in bitcoin cash over the last 24 hours was around $7.9 billion, versus $8.6 billion for the original bitcoin, according to CoinMarketCap.
Bitcoin vs. bitcoin cash share of total cryptocurrency market capitalization
Adding to the debate over bitcoin’s future, another offshoot called “bitcoin gold” was set to launch Sunday.