Friday, July 28, 2017

Bitcoin Crash? Futures Price For Bitcoin Cash Plunges 50%, BTC Up 7%

Bitcoin Crash? Futures Price For Bitcoin Cash Plunges 50%, BTC Up 7%

Bitcoin is surging higher as Bitcoin Cash (BCC) futures value crashes 50 percent prior to its proposed Aug. 1 activation date.


Data from ViaBTC shows the Bitcoin fork, which does not yet exist, fell from around 0.15 BTC to 0.08 BTC per coin in the last 24 hours.


A correction has since got underway to 0.109 BTC, still around a 27 percent daily loss.


Reacting to the figures, highlighted by entrepreneur and investor Alistair Milne, commentators on Twitter were quick to determine it was the project’s fate.


Full story at http://bit.ly/2h8cpnp


Source: CoinTelegraph


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