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11/18/2018, 2:06 PM (Source: TeleTrader)
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Bitcoin Cash falls following hard fork

Markets were yet to declare a winner as of Sunday in the split of the Bitcoin Cash blockchain into two, but the conventional Bitcoin offshoot saw a sharp slump to $318.2 on Kraken, compared to yesterday's $300 trough. The level was last seen on October 30 of last year. On Bitstamp it touched $361.87, after hitting a low of $350 on November 15, when the so-called hard fork started.

The Bitcoin ABC group, which may be the one to keep the Bitcoin Cash name, won the backing of the majority of node operators. The Bitcoin SV network, which is led by Craig Wright, has started its own client and claimed the struggle for domination would last "many days and possibly weeks," citing sustained proof of work. The rivals have been referred to as BCHABC, BAB or ABC; and BSV, BCHSV or SV, respectively.

The valuation was 6.7% in the red at 2:03 pm CET on the Kraken exchange, at $326. Bitcoin Cash was 3.22% lower on the other platform, selling for $390.56. Bitcoin moved just 0.3% up to $5,645.0609 or 0.65% to €4,854.57.

Breaking the News / IT