{"id":108895,"date":"2020-11-10T12:00:00","date_gmt":"2020-11-10T09:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-cash-hits-record-lows-vs-bitcoin-days-before-hard-fork\/"},"modified":"2020-11-10T12:00:00","modified_gmt":"2020-11-10T09:00:00","slug":"bitcoin-cash-hits-record-lows-vs-bitcoin-days-before-hard-fork","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-cash-hits-record-lows-vs-bitcoin-days-before-hard-fork\/","title":{"rendered":"# Bitcoin Cash hits record lows vs. Bitcoin days before hard fork"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a28c0e979c34\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a28c0e979c34\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-cash-hits-record-lows-vs-bitcoin-days-before-hard-fork\/#Bitcoin_Cash_plunges_to_new_BTC_lows\" >Bitcoin Cash plunges to new BTC lows<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-cash-hits-record-lows-vs-bitcoin-days-before-hard-fork\/#Litecoin_sees_lowest_ever_weekly_close\" >Litecoin sees lowest ever weekly close<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Bitcoin Cash hits record lows vs. Bitcoin days before hard fork <\/strong>&#8221;<\/p>\n<div data-v-5a136f3a=\"\">Altcoin traders continue to feel the pain as Bitcoin (BTC) gains, with Bitcoin Cash (BCH) hitting new all-time lows.\u00a0<\/p>\n<p>Data from Cointelegraph Markets and other sources shows that as of Nov. 10, BCH is worth less in BTC terms than ever before.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bitcoin_Cash_plunges_to_new_BTC_lows\"><\/span>Bitcoin Cash plunges to new BTC lows<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>At press time, BCH\/BTC traded at 0.017 BTC, comfortably beating its previous record low of 0.0245 BTC seen in December 2018.<\/p>\n<p>The hard fork of Bitcoin has seen little attention this year, as investors focused on Bitcoin and then the decentralized finance (DeFi) phenomenon. The announcement of another hard fork of the Bitcoin Cash network, set for Nov. 15, has done little to buoy the coin\u2019s prospects, data shows. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2020-11\/3a803aca-7a6d-4658-b190-a48f7312f781.png\"\/><figcaption style=\"text-align: center;\"><em>BCH\/BTC historical weekly chart. Source: <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BCHBTC\/\">TradingView<\/a><\/em><\/figcaption><\/figure>\n<p>In USD terms, Bitcoin Cash has spent the past three months fluctuating in a corridor between $230 and $280, while Bitcoin itself has increased by a third in value.<\/p>\n<p>Unsurprisingly, Bitcoin proponents took a dim view of the upcoming hard fork, something which has sparked a familiar tussle between businesses opting to support or reject the resulting new coins.<\/p>\n<p>\u201cHopefully this election drama will clear up before the next scheduled shitcoin drama: T minus 10 days to the next bcash fracture!\u201d CasaHODL co-founder <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/lopp\/status\/1324373316812087298\">Jameson Lopp<\/a> summarized on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> last week as the hard fork was confirmed.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Litecoin_sees_lowest_ever_weekly_close\"><\/span>Litecoin sees lowest ever weekly close<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>For Litecoin (LTC), price data shows a similar story. LTC\/USD traded at 0.0038 BTC on Nov. 10, increasingly close to its extant bottom of 0.003 BTC from March 2017.<\/p>\n<p>On the weekly chart, the pair printed its lowest close in history this month.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2020-11\/fbb579ec-d855-4362-b522-4368d0d11adf.png\"\/><figcaption style=\"text-align: center;\"><em>LTC\/BTC historical weekly chart. Source: <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/LTCBTC\/\">TradingView<\/a><\/em><\/figcaption><\/figure>\n<p>Noting the lack of performance by both Litecoin and Bitcoin Cash since PayPal confirmed that it would support both assets along with Bitcoin from 2021, one popular Twitter account <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/AutismCapital\/status\/1324415952885350400\">summed up<\/a> the mood among those who favor BTC.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"\/><\/p>\n<p>\u201cWe think it&#8217;s a bad business decision and also morally and ethically bankrupt for @PayPal to allow retail customers to purchase BCH and LTC,\u201d it wrote on Nov. 5. <\/p>\n<blockquote><p>\u201cMany retail investors will be tricked with misleading copy like below into purchasing assets that are completely worthless. It&#8217;s not right.\u201d<\/p><\/blockquote>\n<p>While some traders continue to forecast the return of \u201calt season\u201d next year, prospects remain bleak for the near term, as Bitcoin\u2019s market cap dominance has reached 64%, its highest since June.<\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener noreferrer\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-cash-hits-record-lows-vs-bitcoin-days-before-hard-fork\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin Cash hits record lows vs. Bitcoin days before hard fork &#8221; Altcoin traders continue to feel the pain as Bitcoin (BTC) gains, with Bitcoin Cash (BCH) hitting new all-time lows.\u00a0 Data from Cointelegraph Markets and other sources shows that as of Nov. 10, BCH is worth less in BTC terms than ever before&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":108896,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2020-11\/94e334ac-c6b3-4d1f-845a-a6bb142306a3.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74862,75163,74937,75162,76111,73785],"class_list":["post-108895","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-bitcoin","tag-bitcoin-cash","tag-bitcoin-price","tag-litecoin","tag-litecoin-price","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/108895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=108895"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/108895\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/108896"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=108895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=108895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=108895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}