Bitcoin SV vs Bitcoin ABC

Markets Update All Eyes on Bitcoin Cash Prices Before the Pending Fork

Greenspan added: "From a technical analysis standpoint, as bitcoin's price falls below $6,000 we're seeing liquidation: stop loss orders automatically going into effect and/or people trying to play the breakout".

Monday marks yet another dismal day of trading for cryptocurrencies, with the market falling to its lowest levels so far this year, with traders seeing more than $35 billion in value wiped off the table and left scratching their heads as to when the market will rise again. Per CCN, the entire crypto market just lost $25 billion in value - the market cap sits at nearly $148 billion according to CoinMarketCap.

Bitcoin hit $10,000 at the end of November past year and was worth about $20,000 before Christmas, driven primarily by retail speculators.

Yesterday, Changpeng Zhao (also known as "CZ"), the CEO of the largest crypto exchange, Binance, tweeted something that hints towards the possibility of XRP becoming a base currency on the leading exchange. Some analysts predict that the ongoing has war in the Bitcoin Cash camp is one of the reasons behind the Bitcoin price fall.

Last week Bitcoin [BTC] sharply dropped from around $6,500 to $5,500 breaking a crucial support at $6,000.

Ripple's market cap now stands in at $19.44 Billion, while Ethereum's market cap has dropped to $14.41 Billion. While it's not clear what triggered the most recent selloff, some pointed to actions that the U.S. Securities and Exchange Commission took Friday against two cryptocurrency startups that staged initial coin offerings, or ICOs. Soon after the threats, the crypto markets crashed with losses over 10% in a matter of a few hours. During the last week, Bitcoin Cash ABC [IOU] has traded 31.8% lower against the dollar.

Ripple (XRP) has been lagging the market but now is coming under heavy selling pressure and is registering a double-digit loss. As a result, Paragon Coin Inc. and Airfox will both have to pay $250000 as penalties to compensate its investors.

If investors from almost two years ago are starting to clean up their portfolio, the vast majority of investors who entered the space in mid to late 2017 have likely existed from the market.

"Price tells us the trend has been bearish since crypto's parabolic move and top in 2017". This had led some analysts to predict that the lack of market movement was the calm before the storm, though many others had anticipated the price shift to go in the other direction.

The 10-year-old token fell 3.4% to US$5 362.96 as of 10.30am in London after it plunged through a key resistance level.

Keep in mind that, while volatility does increase opportunity, it also increases risk.

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