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Saturday, April 1, 2017

Bitcoin Unlimited BTU Token Volatile After 30%+ Weekly Fall

Bitcoin Unlimited BTU Token Volatile After 30%+ Weekly Fall

Support for Bitcoin Unlimited’s future asset BCU is already waning - even before the asset itself comes into existence.

Futures trading on the two exchanges hosting BCU, Bitfinex and HitBTC, has seen the price of the asset drop around 30 percent in a week to hit new lows Sunday.

Having begun last week trading at around $260 on Bitfinex, one BCU now costs around $180, having increased 22 percent in 24 hours. In BTC terms, which both exchanges also offer as a pair, the drop went from around 0.237 to around 0.19 respectively.

On Reddit, commentators were quick to point out a lack of demand for the pairs. As HitBTC’s price index showed even sharper declines, Russian news resource Bitnovosti described it as “really embarrassing” for Bitcoin Unlimited supporters.

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