Bitcoin plummets as bitcoin cash continues to grow

If there is something that characterizes the cryptocurrency market it is its high volatility. The last few weeks were being very positive for Bitcoin, which reached over $ 7, 000 in value. But the situation has radically changed. While Bitcoin is now dropping noticeably, Bitcoin Cash is seeing its value multiply. It has gone from $ 350 in late October to $ 2, 350 today.

Bitcoin plummets as Bitcoin Cash continues to grow

It seems that the situation has somewhat stabilized, although the origin of this situation has its origin in the cancellation of the Segwit2X hard fork. This is expected to stop the notable decline that Bitcoin has suffered. In just 4 days it has gone from being worth $ 7, 700 to $ 5, 519. So the effect has been more than notable in the virtual currency.

Will the situation between Bitcoin and Bitcoin Cash calm down?

Although the origin of this instability in its value these days has its origin in Segwit2x, the announcement of its cancellation did not seem to have much effect on the value of the cryptocurrency. Although it took a few hours for the effect to be observed in the market. Movements among those Bitcoin users who support Segwit2x were quick to start. It has been a jug of cold water for many.

While we see how Bitcoin Cash seems to have come out of this situation reinforced. Although there are still many doubts about the two currencies. Since it seems that the vision you have of it is not shared by everyone.

It is not well known what will happen. Bitcoin Cash has fallen in value again, while in the last few hours Bitcoin seems to be recovering somewhat more. He has managed to overcome in some moments the barrier of 6, 300 dollars. So the waters may have calmed down. Although this calm does not seem to last too long.