Published on November 13th, 2017 | by bitcoin0
Return with Bitcoin’s As Losses for 60% Combine Bitcoin Cash Hype Bursts
Bitcoin Cash (BCH) has lost almost 60 percent of its value in 24 hours as Bitcoin’s original chain (BTC) reverses losses.
Cross-exchange data for Bitcoin Cash, which describes itself as “the best money in the world,” shows a swift turnaround in the altcoin’s fortunes through the weekend.
From highs approaching $2,300 per coin, BCH promptly fell to Earth currently circling $1,200 as of press time Monday.
Bitcoin has climbed almost seven percent in the same period.
The failure of SegWit2x, coupled with endorsement from the soon-to-be-defunct Bitcoin Classic team meant BCH became the major ‘competitor’ to Bitcoin overnight.