Analytics / Forex and Crypto News
While the price of Bitcoin Cash is rapidly falling along with other cryptocurrencies, Bitcoin SV (the fork of Bitcoin Cash) entered the top-5 of the CoinMarketCap rating, adding more than 20%. At the same time, almost 60% of trading volume is provided by two exchanges - Binance and Upbit. At the time of publication, the price of Bitcoin SV is $109.40, it’s in the green zone. Bitcoin lost 11%, ether – 16.7%; XRP – 11.79%.
Analysts say the situation with Bitcoin SV pamp may further destabilize the market, given the generally negative context around this fork. Many exchanges refused to support Bitcoin SV or criticized it. The major holders stated that they would sell Bitcoin SV as soon as possible, and coin miners are most likely subsidized or work with a loss. It is also worth to consider that Craig Wright, the “self-proclaimed Satoshi Nakamoto”, is one of the creators of Bitcoin SV. He has the contradictory reputation is the crypto world.
During November, ICO-projects sold 416K ETH. This is the largest figure since the summer, reports Trustnodes.
According to Santiment, in August, ICO startups sold only 100,000 ETH. In September, sales of digital currency increased significantly, reaching 300 thousand ETH. In Nov