The fall of Bitcoin

The fall of Bitcoin

In the last 24 hours, the seven largest cryptocurrencies posted gains while Bitcoin was down and traded at just over $ 5600.

What is the decline of Bitcoin?

Bitcoin suffered a “hard fork”, that is to say, it split in two.

It had already undergone a first division a few months ago, which had been at the origin of Bitcoin Cash, today it is the Bitcoin Gold.

This new currency will create a new blockchain network that will allow the use of a GPU for mining.

The second possible reason for this decline is perhaps also the statement of Saudi Prince Al-Waleed bin Talal who claimed to be against digital currency, and that he thought it would eventually implode.

Ethereum is up.

The Ethereum is in terms of capitalization the second largest virtual currency.
Yesterday it went from $ 273 to over $ 300 this morning.
This rise can perhaps be explained by the concern of Bitcoin holders, who have probably preferred to invest in other crypto currencies, at least until the end of the hard fork process.

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