Bitcoin Cash hits new low vs. Bitcoin as Draper deletes Twitter praise
Bitcoin’s controversial hard fork now buys less BTC than ever before as one analyst warns that buyer support has disintegrated. Altcoin Bitcoin Cash (BCH) is plumbing new lows against Bitcoin (BTC) after crashing through fresh support. Data from price tickers including Cointelegraph Markets and CoinMarketCap confirm that BCH/BTC is now at its worst levels in Bitcoin Cash’s three-year history. BCH/BTC in “downward price discovery” At press time, 1 BCH bought just 0.022 BTC, 92.2% less than at its peak of 0.285 BTC in December 2017. BCH launched as an off-shoot from BTC in August the same year, at the time enjoying support from various industry figures and businesses.
Coin Telegraph - 13th Sep 09:09