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Bitcoin Cash {BCH} registers huge losses as the king coin {BTC} scales adjacent to the $9,500 mark

Bitcoin

The protests of Hong Kong remain high-paced even after the passage of 11 weeks. This has led to better BTC adoption [the HK Free Press accepts donations in the form of Bitcoin and Bitcoin Cash]. However, it seems that buyers are being outclassed by sellers at present.

Not too long ago it was announced that CoinMall had decided to remove ZCash and Bitcoin Cash from their platform. The primary cause provided related to low levels of activity. This has been a major problem for BCH, even as the Alcor Foundation [and businesses set chiefly in Australia] have declared Bitcoin Cash as legal tender.

Bitcoin lies at #1 in the market. The king coin descended at a rate of 4.95% in the course of the past 24-hours. The trading volume recorded is $18.560 billion, whereas the supply has 17,902,837 BTC coins in play. As of this moment, the total market cap of Bitcoin is $172.373 billion. For now, BTC is priced at $9,628.27.

BCH enthusiasts are mostly anti-bitcoin. They cite reasons such as BTC failing to implement SegWit and speculation holding back the king coin. Although they fall silent when questioned about the centralization of Bitcoin Cash, which is one amongst the many problems of the network.

Roger is under the impression that the Twitter handle i.e. @Bitcoin was hacked. The Federal Reserve had received criticism, from the POTUS Donald Trump following the G-7 meet held in France.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.