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Bitcoin plunged from about $6350 to $5500 last week, dragging much of the cryptocurrency market with it. After stabilizing for a couple of days, another big selloff started yesterday, as Bitcoin briefly dropped below $4400 and is sitting at about $4800 now. Etherium and XRP took similar nosedives, and about $45 billion of the entire cryptocurrency market's former ~$200 billion market cap has been wiped out since the beginning of November. Some publications are pointing to Bitcoin's forks and and a deluge of ICOs as a source of the trouble.
Bitcoin Cash, the "big block" project that forked away from the Bitcoin blockchain in August 2017, "hard forked" (split) into two different coins: "Bitcoin Cash ABC" (BCH ABC) and "Bitcoin Cash SV" (BCH SV). At the time of writing, the Bitcoin Cash ABC chain has more accumulated proof of work, and its native currency, BCH ABC, is trading higher on (futures) exchanges. Most Bitcoin Cash ABC proponents, therefore, feel victorious - though many Bitcoin Cash SV proponents have not yet conceded defeat.
Bitcoin Cash, the "big block" project that forked away from the Bitcoin blockchain in August 2017, "hard forked" (split) into two different coins: "Bitcoin Cash ABC" (BCH ABC) and "Bitcoin Cash SV" (BCH SV). At the time of writing, the Bitcoin Cash ABC chain has more accumulated proof of work, and its native currency, BCH ABC, is trading higher on (futures) exchanges. Most Bitcoin Cash ABC proponents, therefore, feel victorious - though many Bitcoin Cash SV proponents have not yet conceded defeat.