Bitcoin is in a free fall

Roman Schwartz
November 19, 2018

In the last seven days, Bitcoin Cash has traded 29.1% lower against the USA dollar.

Stellar has witnessed a solid 4.55% gain to now trade at $0.25 before the day ended. Bitcoin traded below its $5,300 support level beneath which it had managed to avoid by the skin of its teeth.

CHIPS (CHIPS) traded up 0.1% against the dollar and now trades at $0.0500 or 0.00000902 BTC.

Counterparty (XCP) traded down 0.2% against the dollar and now trades at $3.49 or 0.00054858 BTC.

Bitcoin Cash has a market cap of $6.83 billion and approximately $352.18 million worth of Bitcoin Cash was traded on exchanges in the last 24 hours.

Namecoin (NMC) traded up 0.7% against the dollar and now trades at $0.50 or 0.00008934 BTC.

The Bitcoin cost of LTC now sits at 0.00763318 BTC. The reversal saw Bitcoin fall through the day's first major support level at $5,605.07 and second major support level at $5,550.63, while managing avoid calling on support at the third major support level at $5,425.93.

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CHIPS (CHIPS) traded 76.4% higher against the dollar and now trades at $0.10 or 0.00001779 BTC.

The bears have been on overdrive in the past week, with the expiry of futures contracts and the instability accompanying the Bitcoin Cash hard fork being blamed for it.

(BET) traded 0.8% higher against the dollar and now trades at $0.0179 or 0.00000320 BTC.

IOStoken (IOST) traded 0.3% lower against the dollar and now trades at $0.0396 or 0.00000526 BTC.

Qbao (QBT) traded down 13% against the dollar and now trades at $0.0273 or 0.00000487 BTC.

The official website for Bitcoin Cash SV [IOU] is bitcoinsv.io. Bitcoin Cash ABC [IOU]'s official Twitter account is @Bitcoin_ABC.

Bitcoin Cash ABC [IOU] can be bought or sold on the following cryptocurrency exchanges: Poloniex. Its split is created to entirely overwrite the network scripts of Bitcoin ABC and increase the block size of Bitcoin Cash from 32MB to a maximum of 128MB, all of which are expected to increase network capacity and scale. It is usually not now possible to purchase alternative cryptocurrencies such as Bitcoin Cash ABC [IOU] directly using US dollars. Traders aiming to get hold of BCH may well need to firstly pick up Bitcoin or ETH using an exchange which offers American dollar currency trading pairs for instance Coinbase and GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Bitcoin Cash SV [IOU] using one of the aforementioned exchanges.

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