Bitcoin Price Falls to 5-Day Low Following Fork Currency Creation

Bitcoin Price Falls to 5-Day Low Following Fork Currency Creation

The price of bitcoin fell to a five-day low today, though the reasons why are perhaps complex to unpack. At press time, the bitcoin-US dollar ( BTC/USD ) exchange rate is $5,710, up from a daily low of $5,560. As per CoinMarketCap, week-on-week, BTC is up 3.3 percent, while on a monthly basis, it’s up 55 percent. However, if you’re looking for a culprit for the dip, industry observers are so far pointing to the creation of bitcoin gold yesterday. A new cryptocurrency cloned from bitcoin, bitcoin gold is now in the process of " forking " to a […]