Bitcoin is crashing towards $4,000 — here’s the simplest reason we’ve heard may be due to uncertainty stemming from a hard fork of Bitcoin Cash on.
This article should help to clear up our interpretation of the major market trends and our advanced technical analysis tools.
Bitcoin and the crypto market is once again crashing hard.
Bitcoin Cash, which is about to undergo a hard fork, looks to be the most likely cause. Bitcoin Cash is about to undergo a hard fork that’ll result in two different chains — Bitcoin Cash ABC (BCHABC) and Bitcoin Cash SV (BCHSV) — and that has caused a great deal of uncertainty in the market. You could argue that.
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Bitcoin has had an interesting history—and one that gives it a reputation for volatility. In many ways, this volatility is understandable; even if the cryptocurrency has a bright future ahead of it, it’s still a relatively new type of asset, and investors aren’t sure how to fairly price it compared to the dollar. But in other ways, the volatility seems irrational, fluctuating wildly in.
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The crash has been widely blamed on the coronavirus (COVID-19) and stocks haven't been routed this hard since 1987.
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20 Nov 2018.
Senior staff at crypto exchanges told Business Insider the falls may be due to uncertainty stemming from a hard fork of Bitcoin Cash on Friday.