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“Bitcoin Cash” Quadruples in 2 Days. Bitcoin Crashes by $35 Bn

Sunday, November 12, 2017 4:01
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(Before It's News)

wolfstreet.com / by Wolf Richter • Nov 12, 2017

Peak Crypto Craziness?

I’m writing this Saturday night, Pacific Time, and cryptos never rest. By Sunday morning, “Bitcoin Cash” might have soared another $1,000 or crashed by $1,000; and bitcoin might have soared or crashed by another $1,500. Neither would surprise me, the way these things are going.  One thing for sure, you’re not watching grass grow.

Bitcoin Cash, which was split from bitcoin in August, began surging from $630 on Thursday mid-day Pacific Time. Within 24 hours, it jumped 50% (or by $320) to $950. It then lost steam. But in the wee hours of Saturday morning, it fired up again and soared another $450 to $1,400 by late morning. It then fell off, but Saturday night, it returned to form and spiked to $2,448 at the moment, nearly quadrupling in two days. Here is what the move looks like in US dollars in a seven-day chart (via WorldCoinIndex):

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The post “Bitcoin Cash” Quadruples in 2 Days. Bitcoin Crashes by $35 Bn appeared first on Silver For The People.



Source: http://silveristhenew.com/2017/11/11/bitcoin-cash-quadruples-in-2-days-bitcoin-crashes-by-35-bn/

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  • DK

    1BTC should equal 1BTCC

  • Beauty Earth Coming Legendary

    It is just the signal from the group who controlling banking/bitcoin/crypos system that there is going to have brand new money system.
    The best thing I can suggest is buying a Zimbabwe money note, treat it like a lottery ticket. You will receive 1 million GBP soon in the near future.
    For more information, visit: https://angelteam.wordpress.com

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